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Calculation of gratuity for employees who have completed five years of service and are now exiting the company
Hello hr folks i have an inquiry regarding the calculation of gratuity for employees who have completed five years of service and are now exiting the company. as our company introduced the gratuity policy in october 2020 i would like clarification on whether the gratuity calculation for these employees should commence from the inception of their employment or from the implementation date of the gratuity policy in october 2020. your guidance on this matter is greatly appreciated as it will assist in ensuring accurate and fair financial settlements for the departing employees. thank you for your attention to this matter.
Employees not covered under gratuity act
I have a doubt for gratuity calculation for employees not covered under gratuity act. a. do we have a standard formula for calculation of gratuity benefit for not covered employee. b. the formula used in common in my opinion is for determining the taxability portion of gratuity received and is mentioned in it act not in gratuity act. which is 1/2 month s salary for every completed year of service based on last ten month s average salary. seek clarification from readers rajesh dalmia
Gratuity calculation
Dear sir / madam kindly help me with the latest calculation for gratuity. as per my information i know the following calculation last drawn basic 15 days no. of service in years / 26 maximum limit for gratuity calculation is rs. 350000/ is this information correct? if not kindly let me know the latest calculation. regards vinayak sonawane
Gratuity calculation
Can any body help me out in calculation of gratuity...means the process of calculation of gratuity...its very urgent.... regards satyabrata sarkar 919740833897
Confusion regarding gratuity calculation
Hello just am wondering as per gratuity calculators as well as formulas give even in various sections here. there is talk of basic d.a for calculation of gratuity. just want to know if grade pay has to be included in the calculation or left out. secondly is the cap at 3.5 lahks still applicable or has it already been revised to 10 lakhs. response to the same will be highly appreciated. regards
Gratuity calculation for seasonal employees
Please suggest gratuity calculation for seasonal employees in case an employee worked only 5 seasons. whether he is eligible for gratuity or not since he has not worked for minimum 5 years period but he worked only for 5 seasons. regards srinivas