How would Gratuity be calculated ?If Monthly Basic is 16960.00 and the no of years of service is 12 years .According to the formula ....
1.GS = (16960+DA)
2.GSER = 12X12
So Gratuity should be = 15/26*(16960+DA)*12*12
Would like to know whether i am in the right track..
Regards,
BeekayrDG
From India, Pune
1.GS = (16960+DA)
2.GSER = 12X12
So Gratuity should be = 15/26*(16960+DA)*12*12
Would like to know whether i am in the right track..
Regards,
BeekayrDG
From India, Pune
Dear Vinayak Gratuity %:4.81%: (15/26*1year/12months*100) p.m calculation on Basic + D.A rgds S.V
From India, Hyderabad
2From India, Hyderabad
its a 4.81%.
Example -
formula is (Basic+DA / 26) * 15 * No. of completed years of services.
if basic+da is 5000 and we calculat the gratuity for 1 year.
then (5000/26)*15*1 = 2884.61
Now we will calculate for per month basis
2884.61/12 = 240.38
Now we calculate the %
240.38/5000*100 = 4.8076 means 4.81%
From India, Kota
Example -
formula is (Basic+DA / 26) * 15 * No. of completed years of services.
if basic+da is 5000 and we calculat the gratuity for 1 year.
then (5000/26)*15*1 = 2884.61
Now we will calculate for per month basis
2884.61/12 = 240.38
Now we calculate the %
240.38/5000*100 = 4.8076 means 4.81%
From India, Kota
hello,
My father had expired during the service period after providing 43 years service in a organisation due to a cancer. His last drawn was 7500/- per month.
Please calculate his gratuity amount. where there is any maximum service length beyond he is not entitled to get gratuity.
From India, Jaipur
My father had expired during the service period after providing 43 years service in a organisation due to a cancer. His last drawn was 7500/- per month.
Please calculate his gratuity amount. where there is any maximum service length beyond he is not entitled to get gratuity.
From India, Jaipur
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Gratuity calculation.doc
Gratuity Calculation tool.xls