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
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3From India, Delhi
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dear applicablity does not have any concern with pvt ltd,public ltd,partnership concern or properitory concern. tks js malik
From India, Delhi
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From India, Delhi
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Dear Pallavi,
We are also to consider the DA along with Basic while calculating the amount of gratuity. Please go through the definition of wages under the Payment of Gratuity Act, 1972.
Regards, R.N.Khola
Skylark Associates, Gurgaon (Haryana) 09810405361
From India, Delhi
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We are also to consider the DA along with Basic while calculating the amount of gratuity. Please go through the definition of wages under the Payment of Gratuity Act, 1972.
Regards, R.N.Khola
Skylark Associates, Gurgaon (Haryana) 09810405361
From India, Delhi
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As gratuity is applicable to those employees who have completed continuous 5 or more years of service. They should have worked 240 days in every year. Gratuity is payable at 15 days for every working year.
Dear Seniors,
Please clarify for me:
If an employee has worked in an organization for 8 years. For the first and second years, he worked for more than 240 days. In the third year, he worked for fewer than 240 days, and for the rest of the continuous five years, he worked for more than 240 days. Could you please clarify whether gratuity is payable? If so, for how many years – for 5 years or for 7 years?
From India, Pune
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Dear Seniors,
Please clarify for me:
If an employee has worked in an organization for 8 years. For the first and second years, he worked for more than 240 days. In the third year, he worked for fewer than 240 days, and for the rest of the continuous five years, he worked for more than 240 days. Could you please clarify whether gratuity is payable? If so, for how many years – for 5 years or for 7 years?
From India, Pune
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Dear Member,
In your case/query, the employee has worked for 8 years continuously. He is eligible for payment of gratuity, leaving behind only one year in which he has not put in 240 days of work for entitlement to gratuity for that particular year. This cannot be considered as a break in service. Therefore, this employee will be entitled to 7 years of gratuity.
Opinion submitted as per your request.
From India, Delhi
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In your case/query, the employee has worked for 8 years continuously. He is eligible for payment of gratuity, leaving behind only one year in which he has not put in 240 days of work for entitlement to gratuity for that particular year. This cannot be considered as a break in service. Therefore, this employee will be entitled to 7 years of gratuity.
Opinion submitted as per your request.
From India, Delhi
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Farmula = Current Basic X No. of Completed Year X 15 _____________________________________ 26 Current Basic means Basic+DA
From India, Kolkata
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From India, Kolkata
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Dear Pallavi, See the attachment. Hope it is useful to you. Regards, Bhavesh
From India, Delhi
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From India, Delhi
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Dear Pallavi, See the attachment of Gratuity calculation :). Hope it is useful to you.:)
From India, Delhi
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From India, Delhi
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Less than 5 years service - Eligibility for payment of gratuity.pdf
Gratuity calculation.doc