GRATUITY CALCULATION.. CiteHR
CiteHR
 
HOME ANSWERED NEW ABOUT LOGIN
Home > Human Resource Section > Employee Compensation & Benefits

GRATUITY CALCULATION

chetan.sharma Started The Discussion:

Hello,

Can anyone tell me the formulae for Gratuity Calculation. I have been working with this company for 6 years. Never withdrew any gratuity amonut.

Thanking in advance for your response.


Thank You.
Chetan

pbskumar2006 - Senior Member
Dear Mr. Chetan ji, Its very simple formula; Basic + D.A x 15 / 26 x No.of year in service (Minimum service put up is Five Years must) Regards, PBS KUMAR

uttama - Contributing Member
Hi,


To claim gratuity you need to complete 5 years.

Gratuity formula is as

basic * no of years worked *15/26

e.g

if your basic is 4000/- & your years worked is 6 years then

4000*6*15 /26



Thanks
Uttama

M.Peer Mohamed Sardhar - Senior Member
Kindly click on the following link, it will give you some required information, http://www.citehr.com/search_new.php?q=Gratuity+Calculation&submit=Go

ccdepindia@yahoo.co.in - Contributing Member
Hi,

Mr PBS Kumar has given the correct formula, which is in accordance with the Payment of Gratuity Act.

Gratuilty is to be calculated on Basic and DA. The maximum amount payable is 3.50 lakhs. Minimum qualifying service is five years



Cyril

Found This Useful? +Vote Up This Page Via Google.  

Why Vote? User validation is extremely important for good content to prosper.
Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.


Explore Topical Knowledge Areas

Interesting Relevant Discussions


DISCUSSSION STATISTICS


1
LIKES

4339
VIEWS

4
REPLIES

PLEASE KEEP YOUR CONDUCT PROFESSIONAL AND POLITE


3M Users, 100K+ Documents & 450K+ Discussions

Share »

Community Support & Professional Insights. Login or Register.
Email/Username     Password  

About Us - Advertise - Contact Us - RSS   On Google+  
All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
Privacy Policy | Disclaimer | Terms Of Service
Facebook Page | Follow Us On Twitter | Linkedin Network