Gratuity Rule: If we leave the company after working in a company for 5 years, then we get reward money. This reward money is called gratuity. In such a situation, the question arises whether the notice period is also counted in the gratuity period? Let us know the answer to this in this article.
After working in a company for a long time, companies get the benefit of gratuity. It is a kind of reward which is given to the employee in the name of honesty. The reward money given by the company is called gratuity.
The benefit of gratuity is available to those employees who have been working in the company for 5 years. Understand it like this that if you joined a company in the year 2020 and change the company after completion of 5 years, then gratuity money is given by the company. On the other hand, if you change the company in 2-3 years, then you will not get the benefit of gratuity.
Also Read-Â Gratuity Rule: Will you get gratuity for less than 5 years of service? see calculation formula
Many employees have a question in their minds regarding gratuity that whether the notice period is also counted in it? Come, we will give you the correct answer to this question below.
Is the notice period also counted?
According to the Gratuity Rules, the notice period is also counted in the job period. Actually, the employee is giving his service to the company even during the notice period. This means that if an employee gives notice after working for 4 years and 10 months and serves a notice of 2 months, then it will be counted as 5 years and the gratuity amount will be given on that basis.
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