Yes Buddy and you are entitled for huge amount
calculation part : if your Basic salary is upto 4000 per month and your eligible for gratuity (after 5 years) your gratuity amount would be arround 32,000( aprox ) 8 and half years it means it would be arround 50,000 +
DearYour probationary Service period will also be considered for considering service period for entitlement of gratuity.
Skylark Associates, Gurgaon (Haryana)
(Labour Law & Legal Consultants)
Yes Harish, you are entitled to gratuity as the same becomes applicable once you complete the uninterrupted service of 5 years with the same organization. And the calculation of the same would be done as follows:
Gratuity amount = No. of years of completed service x last drawn monthly basic salary.
You are definetely entitled for gratuity at the rate of 15 days Basic salary + Admissible DA for every completed one year of service. Since you have completed 8 and half years service, you will entitled for four and half months salary+DA in total. Half year will be counted as full year and less than half year will be ignored.:-D
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