Regarding for calculation of gratuity, we have used the below formula. Last salary drawn × 15 days/26 × year of service.
Now can anyone explain why we are using 15 days as default as well as 26 days per month?
Please suggest me.
From India, Chennai
Now can anyone explain why we are using 15 days as default as well as 26 days per month?
Please suggest me.
From India, Chennai
Dear Mr.Antony Gratuity is a calculation of Total number of Years of Service * Last Drawn Basic+DA*15/26
** Here 15 Stands for Half month pay and 26 Stands for Estimated Working days
Ex. if i completed 11 Years of tenure with 32340 as my basic + DA then it works like this 11*32340*15/26 =205234.61 then you make round off..
Arun Prasad D
HR
From India, Chennai
** Here 15 Stands for Half month pay and 26 Stands for Estimated Working days
Ex. if i completed 11 Years of tenure with 32340 as my basic + DA then it works like this 11*32340*15/26 =205234.61 then you make round off..
Arun Prasad D
HR
From India, Chennai
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SALARY SHEET CALCULATION.xls
Salary calculation.doc