Dear All,
May i know whether is there any recent changes in the gratuity calculation? I heard that instead of 15 days, it has been increased to 21 days which we use for calculating the gratuity. Kindly update me on this.
With regards.
Mohan
From India, Madras
1May i know whether is there any recent changes in the gratuity calculation? I heard that instead of 15 days, it has been increased to 21 days which we use for calculating the gratuity. Kindly update me on this.
With regards.
Mohan
From India, Madras
In line with 6th pay comission (applicable for central Govt. employees) 2nd PRC Pay Revision Comittee ( applicable for central Public sector undertakings ) report the maximum ceiling from Rs.3.5 Lakhs has been raised to Rs.10 Lakhs. However, amendment of Gratuity Act is yet to come before implementation.
To my knowledge there is no change as of now.
GLN
From India, Hyderabad
To my knowledge there is no change as of now.
GLN
From India, Hyderabad
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Gratuity calculation.doc
Gratuity Calculation tool.xls