hekarthik Started The Discussion:
-Please let me Know,
One of employee is working in factory, he has service for 3 Years 4 month, and unfortunately he had accident inside of the factory and finally he have not continuance jobs, due to disablement so we want give final settlement to him
My question is how to calculate the Gratuity He has got Basic Rs 9000 and Rs DA 4000
Whether Gratuity calculate formula or Any Quant am Method ?
If he has been permanently disabled due to accident he is entitled to get gratuity. If you have linked your gratuity scheme to LIC, then LIC will pay the amount calculated on the basis of retirement age. If not, you have to pay gratuity for three years and the amount comes to Rs 22500 (13000/26X15X3)
Dear Madhu Ji,
Please clarify another one doubt, if one of employee worked 6 years 5 month after resigned , he have piece rate wages than how to calculate the gratuity ?
I have furnished last one year salary for particular employee
Please , give me opinion in this case
For calculation of gratuity the previous years salary is not at all relevant and what is relevant is the last drawn salary. But in respect of piece rated workers, you can take the average wages for the last three months immediately preceding the date of exit is to be taken in to account. In respect of seasonal employees, it will be 7 days wages for each season as against 15 days wages for every completed year of service.
Found This Useful? +Vote Up This Page Via Google.
Why Vote? User validation is extremely important for good content to prosper.
Explore Topical Knowledge Areas
Topic Categories >> calculation of gratuity minimum wages gratuity scheme retirement age final settlement Complete List Of Categories
Interesting Relevant Discussions