Dear Seniors,
I went for an interview in an MNC few days back where I was asked to calculate Gratuity. I was given this situation:-
No.of days per year :
1st yr. 240
2nd yr. 219
3rd yr. 170
4rd yr. 209
5th yr. 190
Dear all, please tell me how to calculate gratuity on the basis of this data.
Regards
Saurav Verma
From India, Delhi
1I went for an interview in an MNC few days back where I was asked to calculate Gratuity. I was given this situation:-
No.of days per year :
1st yr. 240
2nd yr. 219
3rd yr. 170
4rd yr. 209
5th yr. 190
Dear all, please tell me how to calculate gratuity on the basis of this data.
Regards
Saurav Verma
From India, Delhi
Dear Saurav, He is not eligible for gratuity since he has to work for 240 days in the fifth year. Still they have given as case study to calculate , you have to calculate as below (Basic+DA)/26*15*5
From India, Mumbai
From India, Mumbai
good question, but i beleive answer is not clear , i am also keen to know complete answer, if possible please explain.
From India, Mumbai
From India, Mumbai
Dear
Gragtuity is based on year of Job you have done, but for the completion 5th Year recent some court deceision is saying to complete the 240 in the 5th Year.
But If your date of DOJ - DOR = 5 Year than you are eligible for the Gratuity.
Such as DOJ is 1st Jan 2005 & DOR is 31st Decmber 2009, than he is eligible for the gratuity. In this case there is no need of completion of 240 Days for the eligiblity of Gratuity.
Ashwini Kumar
9540056059
From India, Faridabad
Gragtuity is based on year of Job you have done, but for the completion 5th Year recent some court deceision is saying to complete the 240 in the 5th Year.
But If your date of DOJ - DOR = 5 Year than you are eligible for the Gratuity.
Such as DOJ is 1st Jan 2005 & DOR is 31st Decmber 2009, than he is eligible for the gratuity. In this case there is no need of completion of 240 Days for the eligiblity of Gratuity.
Ashwini Kumar
9540056059
From India, Faridabad
thanks ashwani, now its clear ...it means interviewr ask this type question only to check ur knowledge ? How r u aware of current aspacts of the payroll system? Thnks Happy wining
From India, Mumbai
From India, Mumbai
Dear Ashwini, Even though he has completed 5 yrs. we have to see his attendance. If LOP / leave without pay is there than he is not eligible for gratuity.
From India, Mumbai
From India, Mumbai
Dear Ram, Gratuity is calculated if the employee completes 4 years and 240 yrs in the 5th year.
From India, Mumbai
From India, Mumbai
I work with a private limited listed company since february 2004. I have been in continues service with this firm. I will complete 8 years and 4 months In june 2012 and than I plan to take my maternity leave for 8 months, out of which 3 months will be paid leave as per maternity benefit act(45days prior and 45 days after delivery). I will take addiitonal unpaid leave for 5 months and will join office only in February 2013.I have the following queries
1) If I resign in March 2013 after joinging in february 2013 can i claim gratuity?
2) If yes, then which period will be considered for my gratuity calculation i.e whether june 2012 will be considered as last working day, or maternity leave of 3 months will be considered or february 2013 will be considered as last working day?
3) I have 3months notice period which i dont intend to serve, in that case can the company deduct anything from my gratuity amount since i will not be serving 3months?
Kindly help and thanks in advance for going through my query.
From India, Mumbai
1) If I resign in March 2013 after joinging in february 2013 can i claim gratuity?
2) If yes, then which period will be considered for my gratuity calculation i.e whether june 2012 will be considered as last working day, or maternity leave of 3 months will be considered or february 2013 will be considered as last working day?
3) I have 3months notice period which i dont intend to serve, in that case can the company deduct anything from my gratuity amount since i will not be serving 3months?
Kindly help and thanks in advance for going through my query.
From India, Mumbai
Dear Calvin,
1) If I resign in March 2013 after joinging in february 2013 can i claim gratuity?
You are eligible for gratuity
2) If yes, then which period will be considered for my gratuity calculation i.e whether june 2012 will be considered as last working day, or maternity leave of 3 months will be considered or february 2013 will be considered as last working day?
you will be eligible for 9 years gratuity provided you have been in continuous service for 240 day. But in your case Even though you have been in rolls for 1 year you are not working for 5 months(LOP) so you will be eligible for 8 years only. Many people are confused with maternity leave of 90 days it is actually 84 days. 6 weeks prior to delivery and 6 weeks after delivery. it is 12 weeks. 12*7 = 84 days.
So i dont think you would be working for 240 days in this year from feb 2012 - feb 2013.
If you are working for 240 days you are eligible.
3) I have 3months notice period which i dont intend to serve, in that case can the company deduct anything from my gratuity amount since i will not be serving 3months?
Normally when you are resigning the company will calculate alll your earning, gratuity, bonus/exgratia in Full & Final statement. so if there is any deduction they can deduct on the same.
No one can deduct your gratuity but when in F & F all the earning & deduction are made. the company can recover the money.
From India, Mumbai
1) If I resign in March 2013 after joinging in february 2013 can i claim gratuity?
You are eligible for gratuity
2) If yes, then which period will be considered for my gratuity calculation i.e whether june 2012 will be considered as last working day, or maternity leave of 3 months will be considered or february 2013 will be considered as last working day?
you will be eligible for 9 years gratuity provided you have been in continuous service for 240 day. But in your case Even though you have been in rolls for 1 year you are not working for 5 months(LOP) so you will be eligible for 8 years only. Many people are confused with maternity leave of 90 days it is actually 84 days. 6 weeks prior to delivery and 6 weeks after delivery. it is 12 weeks. 12*7 = 84 days.
So i dont think you would be working for 240 days in this year from feb 2012 - feb 2013.
If you are working for 240 days you are eligible.
3) I have 3months notice period which i dont intend to serve, in that case can the company deduct anything from my gratuity amount since i will not be serving 3months?
Normally when you are resigning the company will calculate alll your earning, gratuity, bonus/exgratia in Full & Final statement. so if there is any deduction they can deduct on the same.
No one can deduct your gratuity but when in F & F all the earning & deduction are made. the company can recover the money.
From India, Mumbai
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