It was informed that this rule came into existence in 2005. So my question is if an employee is working in the org say from 2000 and he is quiting in 2009. So the end of service benefit is calculated from 2000 or from 2005 as the law came into existence only in that year.......
also i was told that, the law has given option for the companies to choose in the above case whether to give from 2000 or from 2005. now that doesnt make sense for me.....because if its an end of service benefit he should get benefit from the date of joining, even though the law came into existence in 2005......
kindly correct me if am wrong/......also do let me know the source of the law articles if possible....am in search for the same..................
It was informed that this rule came into existence in 2005. So my question is if an employee is working in the org say from 2000 and he is quiting in 2009. So the end of service benefit is calculated from 2000 or from 2005 as the law came into existence only in that year.......
also i was told that, the law has given option for the companies to choose in the above case whether to give from 2000 or from 2005. now that doesnt make sense for me.....because if its an end of service benefit he should get benefit from the date of joining, even though the law came into existence in 2005......
kindly correct me if am wrong/......also do let me know the source of the law articles if possible....am in search for the same..................
NehaJay