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sandeep.chauhan5742@gmail.com Started The Discussion:

Dear all How to calculate gratuity plz give an examle.

parikhpackaging -  Member Since: Apr 2012
Dear all please find calculation of gratuity basic/26*15*no of duty years=gratuity

varghesemathew -  Member Since: Jun 2011
The calculation of Mr Sivasankaran is not correct. Varghese mathew 9961266966

tsivasankaran -  Member Since: Dec 2007
Sorry (Basic plus DA/26)815*Number of years of Continuous Service In my earlier post, I have missed 15 which is meant to calculate half a month’s wages

ssinha2610 -  Member Since: Jan 2013
Good information Thnaks to all of you for such information. Regards Ss

ssinha2610 -  Member Since: Jan 2013
Hi All, can any of you clear me that every body is entitle for gratuity, i mean this will received also during retirment time ? Regards Ss

vijayan Krishnan -  Member Since: Dec 2007
Dear Member

As per my knowledge, An employee should have rendered continuous service of not less than five years,

No of Years Salary (Earned Basic + D.A) Calculated Salary (B/26*15) Calculated gratuity (A*C) Maximum gratuity Applicable gratuity
(A) (B) (C) (D) (E)
6 10000 5769 34615 1000000 34615

Act says .. 4 years 8 months (or 240 days to be precise for organizations working 6 days a week)
or
4 years 190 days (in the case of an employee employed below the ground in a mine or in an establishment which works for less than six days in a week )
In case of death or disablement, the gratuity is payable, even if he has not completed 5 years of service
Hope you are now clear about the rules.
Thks
Vijayan

varghesemathew -  Member Since: Jun 2011
Retiring employees also are eligible for gratuity. Varghese Mathew 9961266966

srinivas.2500 -  Member Since: Oct 2007
Hi, as per official termination cases also have to pay the Gratuity irrespective of service.... Srinvias B




 
 
 
 





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