Dear All, Can anyone help out in calculation of gratuity and does a pvt. company provides it if we complete 5 yrs?
From India, Delhi
3From India, Delhi
"As Gratuity is applicable to those employee who have completed continuous 5 or more year services. They should worked 240 days in every year. Gratuity is payable 15 days per every working years."
Dear Seniors,
Please clarify me
If any employee has worked in a organisation for 8 years.
For the first and second year he has worked for more than 240 days.
For the Third year he has worked for less than 240 days.
and for rest of the five CONTINUOUS YEARS he has worked for more than 240.
Then please clarify me whether gratuity is payable? and if so for what many years i.e. for 5 years or for 7 years.
From India, Pune
Dear Seniors,
Please clarify me
If any employee has worked in a organisation for 8 years.
For the first and second year he has worked for more than 240 days.
For the Third year he has worked for less than 240 days.
and for rest of the five CONTINUOUS YEARS he has worked for more than 240.
Then please clarify me whether gratuity is payable? and if so for what many years i.e. for 5 years or for 7 years.
From India, Pune
Dear Member,
In you case/query, the employee have worked for 8 years continuously. He is eligible for payment of gratuity payment leaving behind only one year in which he have not put in 240 days working for entitlement for gratuity for that particular year. This can not be considered as break in service. Therefore this employee will be entitled for 7 years gratuity.
Opinion submitted as per your request.
From India, Delhi
In you case/query, the employee have worked for 8 years continuously. He is eligible for payment of gratuity payment leaving behind only one year in which he have not put in 240 days working for entitlement for gratuity for that particular year. This can not be considered as break in service. Therefore this employee will be entitled for 7 years gratuity.
Opinion submitted as per your request.
From India, Delhi
Farmula = Current Basic X No. of Completed Year X 15 _____________________________________ 26 Current Basic means Basic+DA
From India, Kolkata
From India, Kolkata
Dear Pallavi, See the attachment of Gratuity calculation :). Hope it is useful to you.:)
From India, Delhi
From India, Delhi
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SALARY SHEET CALCULATION.xls