Hi Varun,
Formula for calculating gratuity in India is [ { (DA + Basic Pay ) / 26 } * 15 * Number of Years of Service ]
26 is the number of working days in a month.
You can refer https://www.easycalculation.com/finance/gratuity-calculation-india.php for further clarification and calculation.
From India, Coimbatore
Formula for calculating gratuity in India is [ { (DA + Basic Pay ) / 26 } * 15 * Number of Years of Service ]
26 is the number of working days in a month.
You can refer https://www.easycalculation.com/finance/gratuity-calculation-india.php for further clarification and calculation.
From India, Coimbatore
1
Career guidance, HR Blog, Business article, Free courses, MOCC, Business gyan: Question and answer about gratuity- for employee as well as employer
Very nice explanation govind sir...such kind of blogs with Q&A clears so many doubts...thanks for posting
Regards
Sandip
From United States, Cambridge
Very nice explanation govind sir...such kind of blogs with Q&A clears so many doubts...thanks for posting
Regards
Sandip
From United States, Cambridge
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23 facts one should know about Gratuity Act in India.pdf
Central-Governm ent- of-India-Holida y-List 2016-page-001.j pg