Dear All, Can anyone help out in calculation of gratuity and does a pvt. company provides it if we complete 5 yrs?
From India, Delhi
dear applicablity does not have any concern with pvt ltd,public ltd,partnership concern or properitory concern. tks js malik
From India, Delhi
Dear Pallavi,
We are also to consider the D A along with Basic while calculating the amount of gratuity. Plz go through the definition of wages under the PG Act,1972.

Skylark Associates,Gurgaon (Haryana)

From India, Delhi
"As Gratuity is applicable to those employee who have completed continuous 5 or more year services. They should worked 240 days in every year. Gratuity is payable 15 days per every working years."
Dear Seniors,
Please clarify me
If any employee has worked in a organisation for 8 years.
For the first and second year he has worked for more than 240 days.
For the Third year he has worked for less than 240 days.
and for rest of the five CONTINUOUS YEARS he has worked for more than 240.
Then please clarify me whether gratuity is payable? and if so for what many years i.e. for 5 years or for 7 years.

From India, Pune
Dear Member,
In you case/query, the employee have worked for 8 years continuously. He is eligible for payment of gratuity payment leaving behind only one year in which he have not put in 240 days working for entitlement for gratuity for that particular year. This can not be considered as break in service. Therefore this employee will be entitled for 7 years gratuity.
Opinion submitted as per your request.

From India, Delhi
Farmula = Current Basic X No. of Completed Year X 15 _____________________________________ 26 Current Basic means Basic+DA
From India, Kolkata
Dear Pallavi, See the attachment. Hope it is useful to you. Regards, Bhavesh
From India, Delhi

Attached Files
File Type: zip Gratuity (4.9 KB, 966 views)

Dear Pallavi, See the attachment of Gratuity calculation :). Hope it is useful to you.:)
From India, Delhi

Attached Files
File Type: xls Gratuity cal.xls (23.5 KB, 306 views)

Dear, It follow may be Indian service rules or act. It is easy & good format. I want also Gratuity Calculation Rules as per Bangladeshi Act. If you have any.....pls. THANK YOU. Mizan
From Bangladesh

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views using the reply box below. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone.

Please Login To Add Reply

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2021 Cite.Co™

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server