Help out in calculation of gratuity and does a pvt. company provides it if we complete 5 yrs? - CiteHR
R.N.Khola
Labour Laws & Ir
Malikjs
Gm (hr)
Pallavi Gandotrahr
Recruitment, Comp Benefits, Payrolling, Employee

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Dear All, Can anyone help out in calculation of gratuity and does a pvt. company provides it if we complete 5 yrs?
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dear applicablity does not have any concern with pvt ltd,public ltd,partnership concern or properitory concern. tks js malik
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.
Regards,
R.N.Khola

Skylark Associates,Gurgaon (Haryana)
09810405361
"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.
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.
Farmula = Current Basic X No. of Completed Year X 15 _____________________________________ 26 Current Basic means Basic+DA
Dear Pallavi, See the attachment. Hope it is useful to you. Regards, Bhavesh

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File Type: zip Gratuity Calculator.zip (4.9 KB, 950 views)

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

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File Type: xls Gratuity cal.xls (23.5 KB, 291 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
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