The formula for calculating gratuity is ( Basic*DA)*15* No of years of service/ 26. What is this 26 in the formula. Can anyone please help me with that? Thank you, Akshara
From India, Mumbai
From India, Mumbai
Dear Akshara, The formula is ((((Basic + DA)/26)*15)*no of years of service). Ok and 26 is no of days in a month. You do not consider OFF days. Regards, Viraj
From India, Pune
43From India, Pune
Dear Akshara, Calculation for Gratuity Act: Last Drawn Basic+DA/26*15* No of years of Service. As per Gratuity Amendment Act 2010 the maximum ceiling to get Gratuity is 10, 00,000. Regards, Lawrence
From India, Madras
From India, Madras
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SACHIN GRATUITY FORMULA SHEET.xlsx
FORM-F-NOMINATI ON OF GRATUITY.pdf