Hi, will you plz tell me how to calculate gratuity and how to calculate PF. varsha
From India, Mumbai
From India, Mumbai
Hi Varsha, Gratuity is calculated as 4.8 % of basic. It is paid after an uninterupted service of 5yrs of service on his retirement/resignation.
From India, Mumbai
From India, Mumbai
Dear Varsha,
Now a days the discussion on gratuity is going on like anything. I would liek to advice you to become member of citelegal.com and enter into employee and labour related section and under that gratuity subsection. There are number of postings on gratuity itself and hope you would get clear cut clarification.
M Srinivas
Asst Manager - HR
Ramky Group of Companies
Hyderabad
9866005600
From India, Hyderabad
2Now a days the discussion on gratuity is going on like anything. I would liek to advice you to become member of citelegal.com and enter into employee and labour related section and under that gratuity subsection. There are number of postings on gratuity itself and hope you would get clear cut clarification.
M Srinivas
Asst Manager - HR
Ramky Group of Companies
Hyderabad
9866005600
From India, Hyderabad
Dear Varsha
Gratuity Calculation : Last drawn wages (Basic+DA) X No of years service X 15 Days wages or salary / 26 days
OR = Basic+DA / 26 days X No of years service X 15 days wages/salary
P F : Basic + DA X 12%
Employees share : 12%
Employer share : 12% - Out of this 8.33% goes to Pension -
Remaining 3.67% goes to PF
Total PF Contribution for employees = 15.67%
:-P MANOKAVIN
From India, Coimbatore
Gratuity Calculation : Last drawn wages (Basic+DA) X No of years service X 15 Days wages or salary / 26 days
OR = Basic+DA / 26 days X No of years service X 15 days wages/salary
P F : Basic + DA X 12%
Employees share : 12%
Employer share : 12% - Out of this 8.33% goes to Pension -
Remaining 3.67% goes to PF
Total PF Contribution for employees = 15.67%
:-P MANOKAVIN
From India, Coimbatore
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Gratuity calculation.doc
Gratuity Calculation tool.xls