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
From India, Mumbai
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
To ask a question or write a reply on this discussion you will need to create an account and login.