Dear Riyaz
Pls note that Grauduity amt. always caculated on Last Drawn BASiC & D.A
Pls note the formula for same
=Basic+DA/26*15*No. of years in Service
in your case your graduity will be
8500/26*15*5= 24519
thanks
From India, Alwar
19Pls note that Grauduity amt. always caculated on Last Drawn BASiC & D.A
Pls note the formula for same
=Basic+DA/26*15*No. of years in Service
in your case your graduity will be
8500/26*15*5= 24519
thanks
From India, Alwar
Last basic salary * 15/26 * 5 Last basic salary/26*15*5 Which is the correct formula to calculate gratuity, pls let me know , Some people said first one , some second regards riyaz.
From India, Bangalore
From India, Bangalore
Saravanan, I did not understand the formula of Last Basic*4.81%*No of years of service. Pl present an example of calculation with the above formula for an easy understanding.
From India, Panaji
From India, Panaji
Hi,
W x Y x 15/26 where W = Last Wage drawn i.e., basic + DA
Y = number of completed years of continuous service (six months or less to be ignored and more than six months to be counted as full year.
15 = 15 days salary
26 = No. of working days in a month.
So In your case the gratuity amount would be-
8500 x 5 x 15/26 = 24519.23 INR only.
Regds
Dharmendra
HR Adroit
From India, Delhi
W x Y x 15/26 where W = Last Wage drawn i.e., basic + DA
Y = number of completed years of continuous service (six months or less to be ignored and more than six months to be counted as full year.
15 = 15 days salary
26 = No. of working days in a month.
So In your case the gratuity amount would be-
8500 x 5 x 15/26 = 24519.23 INR only.
Regds
Dharmendra
HR Adroit
From India, Delhi
Last Drawn salary (Basic) 8500 / 26 days your per day salary 326.9230769 x 15 days 15days salary per year 4903.846154 x 5 no of years complited in the services your Gratuity 24519.23077
From India, Pune
From India, Pune
Last Drawn salary (Basic) 8500 / 26 days your per day salary 326.92 x 15 days 15days salary per year 4903.84 x 5 no of yrs complited your Gratuity Amt. 24519.23 Thanks Bharat Sakpale 9763335696
From India, Pune
From India, Pune
Hi,
thanks for sharing the valuable info regarding gratuity.
am very new to this, so, kindly explain me why the 15days salary to be multiplied with the formula, what I mean to ask is, do the no of days varies ...........?
From India, Bangalore
thanks for sharing the valuable info regarding gratuity.
am very new to this, so, kindly explain me why the 15days salary to be multiplied with the formula, what I mean to ask is, do the no of days varies ...........?
From India, Bangalore
hi current basic is 8500/- so your gratuity is calculated to your current basic. formula for gratuity = Basic/26*15* number of years 8500/26*15*5=24519
From India, Pune
From India, Pune
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Madras HC judg regarding gratuity is applicable if workmen is working 4 years 240 days..pdf