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Can anyone tell me the formulae for Gratuity Calculation. I have been working with this company for 6 years. Never withdrew any gratuity amonut.
Thanking in advance for your response.
Thank You.
From India, New Delhi
Dear Mr. Chetan ji, Its very simple formula; Basic + D.A x 15 / 26 x No.of year in service (Minimum service put up is Five Years must) Regards, PBS KUMAR
From India, Kakinada
To claim gratuity you need to complete 5 years.
Gratuity formula is as
basic * no of years worked *15/26
if your basic is 4000/- & your years worked is 6 years then
4000*6*15 /26
From India, Mumbai
Kindly click on the following link, it will give you some required information,
From India, Coimbatore
Mr PBS Kumar has given the correct formula, which is in accordance with the Payment of Gratuity Act.
Gratuilty is to be calculated on Basic and DA. The maximum amount payable is 3.50 lakhs. Minimum qualifying service is five years
From India, Nagpur

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