baijusivaram
i am working with a private company in JAFZA since may 2005. Now i got termination letter (the notice period of 30days) i will complete 6years and 4 months..my question is ,how is my gratuity calculations if my basic salary is 5000, how much amount i can receive as the gratuity?
..please help me in this regards

From United Arab Emirates, Dubai
p ramachandran
63

The formula of calculating Gratuity amount is as follows:
Last drawn salary x No.of years served x 15 divided by 26
Accordingly solution to your query is :
5000 x 6years x 15 /26 = 17308
Your amount of Gratuity is 17308.

From India, Madras
chetan_lokhande
for your company the payment of Gratuity act is not applicable: then the calculation is : (Preceding 10 month salary/10)*15/30* total service years.
From India, Mumbai
challagolla
hi Ramachandram in your calculation you calculated for 6 years onely then what about 4 months. we should consider 4 months are we shoud take 6 years onely
From India, Hyderabad
neha.sri521
5

The formula for calculating of gratuity is:
Basic + D.A * 15/26 * no.of years in service.
first of tell me that what is last basic salary at the time when you leave the company.
give me the exactly details so that i can help you.
regards
neha

From India, Delhi
hrguru@gmx.com
yes please give me full details of your salary. than i will help. plz give me the following information Basic DA VDA FDA at the time of left service
From India, Visakhapatnam
CAMPHOR
1

Formula for gratuity calculation is (basic*4.8%)*12= a then a*6= your gratuity amount calculation of 4.8% is:-15/312*100=4.8% ex:5000*4.8%=240 240*12=2880 2880*6=17280 will be your gratuity amount
From India, Faridabad
Vasant Nair
90

For purposes of calculating payable Gratuity, period of 6 months or more is taken into consideration and treated as if the employee has worked for one full year. This applies only after he/she completes the qualifying criteria of working for a continuous period of 5 years in the organization.

In the present case our friend has worked for a period of 6 years and 4 months. Therefore he will be entitled for Gratuity for 6 years only.

The amount so calculated assuming the salary is Rs.5000/- would be:

5000/26x15x6= Rs.17308

I hope I have asnwered your query to your staisfcation.

Best Wishes,

Vasant Nair

From India, Mumbai
vinod_chauhan_2004@yahoo.com
3

Subject - Re: gratuity calculation I agree with the same clarification given by Mr P Ramachandran Regards Vinod Chauhan
From India, Delhi
CAMPHOR
1

Yes my first answer was wrong.little bit i was confused. The correct answer is 1-step-15*6=90 2-step-5000/26=192.31 3-step-192.31*90=17308.
From India, Faridabad
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.






Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.