I am writing to inquire about the gratuity calculation for my exit on January 31, 2025. My joining date was July 9, 2018.
I recently received ₹103,355 as my gratuity payment. However, based on my understanding of the Payment of Gratuity Act, my total service period of 6 years and 7 months should be considered as 7 years for gratuity calculation purposes, as it includes more than six months beyond the completed six years.
Based on a basic salary of ₹29,858, a tenure of 7 years, the gratuity amount should be approximately ₹120,580.
Could you please clarify how my gratuity was calculated and explain the discrepancy between the amount I received and the amount I believe I am entitled to based on my tenure?
I recently received ₹103,355 as my gratuity payment. However, based on my understanding of the Payment of Gratuity Act, my total service period of 6 years and 7 months should be considered as 7 years for gratuity calculation purposes, as it includes more than six months beyond the completed six years.
Based on a basic salary of ₹29,858, a tenure of 7 years, the gratuity amount should be approximately ₹120,580.
Could you please clarify how my gratuity was calculated and explain the discrepancy between the amount I received and the amount I believe I am entitled to based on my tenure?
914Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals. CiteHR connects professionals facing similar challenges, leveraging a vast knowledge base (100K+ downloads, 150K+ discussions) and targeted emails to engage experts in solving issues.
Gratuity calculation.doc
Gratuity Calculation tool.xls