Dear All,
This is the first time that I have got the chance to release someone's gratuity. Since I have no experience in this field, hence I seek your help.
One of my colleagues had joined this company in May, 2008. He has resigned from his post. His notice period has a shortfall of 5 days which is till 1st October, 2013. His last drawn gross monthly salary would be INR 57820/- (which include Basic of INR 20410/- and other allowances as per his salary structure).
Please let me know what should be his Amount of Gratuity and what is the process of applying for/getting the Gratuity Amount.
Thanks in Advance,
Sonali
From India, New Delhi
15This is the first time that I have got the chance to release someone's gratuity. Since I have no experience in this field, hence I seek your help.
One of my colleagues had joined this company in May, 2008. He has resigned from his post. His notice period has a shortfall of 5 days which is till 1st October, 2013. His last drawn gross monthly salary would be INR 57820/- (which include Basic of INR 20410/- and other allowances as per his salary structure).
Please let me know what should be his Amount of Gratuity and what is the process of applying for/getting the Gratuity Amount.
Thanks in Advance,
Sonali
From India, New Delhi
Dear Sir,
I have mentioned everything in detail in my post including the separating person's date of joining. He has completed 5 years 4 Months of continual service in our Company.
Secondly, I am not the one who is leaving the Company. It's my colleague. I have the responsibility to settle all his dues.
Regards,
Sonali
From India, New Delhi
I have mentioned everything in detail in my post including the separating person's date of joining. He has completed 5 years 4 Months of continual service in our Company.
Secondly, I am not the one who is leaving the Company. It's my colleague. I have the responsibility to settle all his dues.
Regards,
Sonali
From India, New Delhi
dear
Calculation: 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.
* salary drawn (last basic+da)* 15/26* no of service years
ur ans gratuity calc=20410*15/26*5 = 58875/-.
From India, Ahmedabad
Calculation: 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.
* salary drawn (last basic+da)* 15/26* no of service years
ur ans gratuity calc=20410*15/26*5 = 58875/-.
From India, Ahmedabad
Sir, I have got this form. Is it correct? Please let me know if Form I has been revised. Regards, Sonali
From India, New Delhi
From India, New Delhi
WHILE MAKING PAYMENT OF GRATUITY, PLEASE CHECK SALARY DETAIL IN GRATUITY INSURANCE AND THEN CALCULATE GRATUITY.
I.E. SALARY +HRA+ALLOW. ETC ARE INCLUDED OR ONLY SALARY AMT HAS BEEN INSURED).
FORMULA IS [U]SALARYX15XNo.OF YEAR SERVICE/26
THANKS.
VK.SOOD
From India, Ludhiana
I.E. SALARY +HRA+ALLOW. ETC ARE INCLUDED OR ONLY SALARY AMT HAS BEEN INSURED).
FORMULA IS [U]SALARYX15XNo.OF YEAR SERVICE/26
THANKS.
VK.SOOD
From India, Ludhiana
Please inform as below:-
a workman has worked from monday to wednesday and from thursday to monday is on leave. Is he entitled for sunday or not.
2. If a work man is on leave for 6th aug to 31st aug.is he entitle for 15th aug.
Holiday with pay or without pay.
Vk.sood
From India, Ludhiana
a workman has worked from monday to wednesday and from thursday to monday is on leave. Is he entitled for sunday or not.
2. If a work man is on leave for 6th aug to 31st aug.is he entitle for 15th aug.
Holiday with pay or without pay.
Vk.sood
From India, Ludhiana
Mr. Sood,
Is Gratuity Insurance Policy mandatory? We have only Mediclaim Policy and PF for employees. We don't have any gratuity insurance policy. The amount of gratuity is mentioned in the Salary Structure (for the entire Year) / Annual CTC of every employee. Those who has worked for less than 5 years (continuously) forfeit the gratuity amount. We don't have Dearness Allowance in our Monthly Salary Structure. Instead, apart from Basic Salary, we have HRA, Conveyance Allowance (fixed), Education Allowance (Fixed) and Personal Allowance (Fixed). Can these allowances take place of DA?
From India, New Delhi
Is Gratuity Insurance Policy mandatory? We have only Mediclaim Policy and PF for employees. We don't have any gratuity insurance policy. The amount of gratuity is mentioned in the Salary Structure (for the entire Year) / Annual CTC of every employee. Those who has worked for less than 5 years (continuously) forfeit the gratuity amount. We don't have Dearness Allowance in our Monthly Salary Structure. Instead, apart from Basic Salary, we have HRA, Conveyance Allowance (fixed), Education Allowance (Fixed) and Personal Allowance (Fixed). Can these allowances take place of DA?
From India, New Delhi
Dear Sonali, For the purpose of gratuity calculation, only Basic and Dearness Allowance(if part of the salary structure) should be considered.
From India, Bangalore
From India, Bangalore
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Gratuity Form N- seeking intervention of Labour Officer.pdf
FURMULA FOR CALCULATING GRATUITY.doc