Hi
Normally gratuity calculation is after completion of 5 years and the calculation is depending upon the three conditions
01.Last drawn Salary ( Average of 10 months)
here salary means Basic+DA
02.15/26 of the basic salary X complected years
03.Payment of gratuity act 1972 Rs 3.5 lacks
Which ever is least is exempted under income tax act
Every company has follow the same rules.
provision is created for the employee from date of joining onward
Required fields are
Employee id
Employee Name
Basic
DA
Date of Birth
Date of Joining
Thanks
Suresh
From India, Hyderabad
1Normally gratuity calculation is after completion of 5 years and the calculation is depending upon the three conditions
01.Last drawn Salary ( Average of 10 months)
here salary means Basic+DA
02.15/26 of the basic salary X complected years
03.Payment of gratuity act 1972 Rs 3.5 lacks
Which ever is least is exempted under income tax act
Every company has follow the same rules.
provision is created for the employee from date of joining onward
Required fields are
Employee id
Employee Name
Basic
DA
Date of Birth
Date of Joining
Thanks
Suresh
From India, Hyderabad
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Gratuity calculation.doc
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