No Tags Found!


pm444
1

Dear All,
I have doubt in Excel for Gratuity Calculation and is that we have calculated that if any one completed 5 years and 7 months, we calculated 6 year for Calculation of Gratuity and one completed 10 years and 4 months, we calculated 10 years for Calculation of Gratuity.
Now my question is that i have required exact formula for above situation.
Thank & Regards,
pm44

From India, Ahmadabad
R.N.Khola
363

Dear Membert,
Plz go through section 4 of The Payment of Gratuity Act, 1972 for your query.
With Regards,
R.N.Khola




From India, Delhi
Upasna Das
1

Sir Pls advise how is the Gratuity calculation done ,is it taxable it is pais when an employee leaves and has worked for atleast 5 years, is the same taxable. Thanks Upasana
From India, Gurgaon
essykkr
87

till date grauity up to 3.5 lac for private sector and Rs 10 lac for govt sector is not taxable. Govt is also going to increased the limit from 3.5L to 10L also for private sector employee. also search in forum for other question will find number of answer for your questions.Br//sanjay

dasgupta.gaurav
Sir,
If I have 15 years of service and have 6 months’ approved leave but without pay for 6 months for a particular time during that period, will my number of completed years be considered 14 years ? That is, what is the status of leave without pay? is it considered a part when calculating completed number od years ?
Gaurav

From India, Hyderabad
venkatesanbsc11@gmail.com
Solution : Many Company are doing aforesaid calculation like 5 year 3 months means gratuity calculate for 5 years. If they organization have union means they must be provide for exact of employer completion.
Solution :
one year gratuity = 15 days basic
one month gratuity = 15 / 12 or 1.25
now you calculated for exact reaming months.
Basic = 6500
No of year Experience = 6 year and 8 months
one year =(6500 / 26 )*15 = 3750
or
one month = (6500/26) * 1.25 = 312.50 one year = 12 *312.50 =3750
6 year gratuity = 6 * 3750 = 22500
8 month gratuity = 8 * 312.50 = 2500
6 year and 8months gratuity is 25000
(or )
6 year and 8 months then take is = 7 years
formula = ((Basic + Da) * no of year experience )* 15 /26
=6500 * 7 * 15 /26 = 26250 in this case management given more money to
employee

From India, Salem
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.