Re: Gratuity Policy - CiteHR
R.N.Khola
Labour Laws & Ir
Rajeev Verma
Hr Professional
Saikat Barua
Recruitment, Labour Law, Qms
Mlekha
Hr Generalist

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I need a gratuity policy urgently. Can any one provide me a gratuity policy. Thanks and regards Saikat saikat.barua@hotmail.com
Can anybody share how many years the employees should be completed for Gratuity elgibility and everything the calcuation for gratuity, is it necessary the employees should be in the payroll of the company or he/she should be eligible for PF deduction.
For grauity eligibility an employee should have the minimum service of 5 years as per the Grauity act.
For the purpose of Gratuity Calculation, formula is
Grautity Amount = (Basic Salary+D.A.) X (15/26) X No. of Year of Service.
For any period of service more than 6 month, it has to be rounded to next higher year. (for eg. for 6 year and 7 month) No. of year will be treated as 7 years.

Dear Rajeev,
How you could made an idea that the person from Dhaka is putting his query on The Payment of Gratuity Act relating to India ? Moreover,how your brief on the lines of this Act can be considered as the Gratuity policy as this is already there in the Act itself ?
With regards,
R N Khola
Skylark Associates, Gurgaon ( Haryana)

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