17 March 2015
please any one suggest " quantum of gratuity payable will be 15 days wages based on the rate of wages last drawn by the employee concerned for every completed year of service or part thereof in excess of six months subject to a maximum of 15 months wages
what does it mean subject to a maximum of 15 months wages
17 March 2015
that is one more CEILING amount at the time of payment of gratuity. It means in NO case the amount of gratuity should exceed 15 months wages.
CAclubindia
