1
Dear all please find calculation of gratuity basic/26*15*no of duty years=gratuity
From India, Ahmedabad
From India, Ahmedabad
The calculation of Mr Sivasankaran is not correct. Varghese mathew 9961266966
From India, Thiruvananthapuram
From India, Thiruvananthapuram
Sorry (Basic plus DA/26)815*Number of years of Continuous Service In my earlier post, I have missed 15 which is meant to calculate half a month’s wages
From India, Chennai
From India, Chennai
Hi All, can any of you clear me that every body is entitle for gratuity, i mean this will received also during retirment time ? Regards Ss
From India, Calcutta
From India, Calcutta
Dear Member
As per my knowledge, An employee should have rendered continuous service of not less than five years,
No of Years Salary (Earned Basic + D.A) Calculated Salary (B/26*15) Calculated gratuity (A*C) Maximum gratuity Applicable gratuity
(A) (B) (C) (D) (E)
6 10000 5769 34615 1000000 34615
Act says ….. 4 years 8 months (or 240 days to be precise for organizations working 6 days a week)
or
4 years 190 days (in the case of an employee employed below the ground in a mine or in an establishment which works for less than six days in a week )
In case of death or disablement, the gratuity is payable, even if he has not completed 5 years of service
Hope you are now clear about the rules.
Thks
Vijayan
As per my knowledge, An employee should have rendered continuous service of not less than five years,
No of Years Salary (Earned Basic + D.A) Calculated Salary (B/26*15) Calculated gratuity (A*C) Maximum gratuity Applicable gratuity
(A) (B) (C) (D) (E)
6 10000 5769 34615 1000000 34615
Act says ….. 4 years 8 months (or 240 days to be precise for organizations working 6 days a week)
or
4 years 190 days (in the case of an employee employed below the ground in a mine or in an establishment which works for less than six days in a week )
In case of death or disablement, the gratuity is payable, even if he has not completed 5 years of service
Hope you are now clear about the rules.
Thks
Vijayan
Retiring employees also are eligible for gratuity. Varghese Mathew 9961266966
From India, Thiruvananthapuram
From India, Thiruvananthapuram
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FORM-F-NOMINATI ON OF GRATUITY.pdf
Gratuity Form I.doc