GRATUITY CALCULATION.. CiteHR
CiteHRCiteHR
 
HOME RISE NEW TEAM →|

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 -  Member Since: Mar 2006
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 -  Member Since: Jul 2007
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 -  Member Since: Jan 2007
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 -  Member Since: Jun 2005
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




 
 
 
 





POSTING RULES OF CONDUCT
  • Do not post anything derogatory about any company or person.
  • Sharing articles from other websites should be done by posting a link to the original article.
  • To discuss sensitive issues create a pseudo/anonymous account.
  • Please avoid repeat posting your company profile - such accounts are removed automatically.
  • Found This Useful? +Vote Up This 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.



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

    Share »


    Cite.Co helps people come together to solve each other's problems on all aspects of professional life.
    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