Hi,
I will be completing 5 years of service on April 20th and will be eligible for Gratuity, So i request you to help in understanding the calculation method as i am planning to resign in May after completing my 5 years of service.
My Salary - Basic & DA = 20,000.00 per month, No of working days in my organisation is 22 days.
So as per the Gratuity Formula my understanding is that i will be getting the below amount
i.e., Gratuity = 20000x12x15x5/22 = 8,18,181.82
Please help me understand if this is correct and if i am wrong please show me the correct calculation on it and also please advice me when can i get the amount of my gratuity ?
From India, Bangalore
1I will be completing 5 years of service on April 20th and will be eligible for Gratuity, So i request you to help in understanding the calculation method as i am planning to resign in May after completing my 5 years of service.
My Salary - Basic & DA = 20,000.00 per month, No of working days in my organisation is 22 days.
So as per the Gratuity Formula my understanding is that i will be getting the below amount
i.e., Gratuity = 20000x12x15x5/22 = 8,18,181.82
Please help me understand if this is correct and if i am wrong please show me the correct calculation on it and also please advice me when can i get the amount of my gratuity ?
From India, Bangalore
Dear Mr. Rahul.
As i think
This is your caluculation of Gratuity given below-
Bisic salary *15/100*No of Yrs.
so 20000*15/100*5 = 15000.00rs.
as per your question you are coplt your job 5 yrs, if you are coplt 5.6 more then that then caclut 6 yrs.
if any problem
Ashish shukla
9426462040
and you can got the gratuity amount
From India, Vapi
As i think
This is your caluculation of Gratuity given below-
Bisic salary *15/100*No of Yrs.
so 20000*15/100*5 = 15000.00rs.
as per your question you are coplt your job 5 yrs, if you are coplt 5.6 more then that then caclut 6 yrs.
if any problem
Ashish shukla
9426462040
and you can got the gratuity amount
From India, Vapi
You will get Rs 57692/- as gratuity for 5 years. The calculation is 20000/26x15x5. Varghese Mathew
From India, Thiruvananthapuram
From India, Thiruvananthapuram
Hi all, You will get 57692.3076923 INR as gratuity for 5 years. Formula Used : Gratuity Calculation In India = / 26
From India, Noida
From India, Noida
I want to clear that 15 days in formula are common in all case or not as 26(which r working days) days??Please reply a proper answer...
From India
From India
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Gratuity calculation.doc
Gratuity Calculation tool.xls