Dear all, Please tell me how we can calculate gratutity, urgent required. Gurvinder Kaur
From India, New Delhi
1From India, New Delhi
Hi,
Gratuity is calculated as per the following formula:
Basic salary*(15/26)*No. of years of service completed in the current organization.
pls. note that
1. An employee is eligible for gratuity only if he / she completes 5 years of uninterupted service with the organization.
2. 15 (in the formula) = 15 days of the month (for a working year)
3. 26 (in the formula) = total working days in a month.
Regards
Zubin
From India, Ahmadabad
Gratuity is calculated as per the following formula:
Basic salary*(15/26)*No. of years of service completed in the current organization.
pls. note that
1. An employee is eligible for gratuity only if he / she completes 5 years of uninterupted service with the organization.
2. 15 (in the formula) = 15 days of the month (for a working year)
3. 26 (in the formula) = total working days in a month.
Regards
Zubin
From India, Ahmadabad
Dear Zubin,
Please make a note of Gratuity Calculation
Calculation={Lastdrawn(Basic+DA)*15*No.of years}/26
i.e.After compeltion of 5 years contibuous service then only employee wil eligible for gratuity.
Regards
Charvaka Reddy
From India, Hyderabad
Please make a note of Gratuity Calculation
Calculation={Lastdrawn(Basic+DA)*15*No.of years}/26
i.e.After compeltion of 5 years contibuous service then only employee wil eligible for gratuity.
Regards
Charvaka Reddy
From India, Hyderabad
Dear all If employee completed 4 years and 240 days. He/She eligible for gratuity as per gratuity act. Please inform me. regards Saurabh
From India, Anand
From India, Anand
Dear All if any employee completed 16 year 6 month 16 days please confirm he will eligible fo 16 year or 17 year for gratuity?
From India, Bangalore
From India, Bangalore
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SALARY SHEET CALCULATION.xls