the payment Gratuity = Monthly salary/26 x 15 days x No. of years of service. Would like to know the monthly salary which is being calculated is the net or gross salary. Is leave is also calculated.
From India, Guwahati
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From India, Guwahati
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As Eswar said, gratuity is to be calculated on the wages at Basic + DA last drawn by the employee, i.e., drawn at the time of severance/termination of service, based on the formula mentioned by you.
Regards,
B. Saikumar
HR & Labour Law Advisor
Mumbai
From India, Mumbai
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1931Regards,
B. Saikumar
HR & Labour Law Advisor
Mumbai
From India, Mumbai
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If your company is not providing any DA, then you can calculate Gratuity on the following basis:
= Current/last drawn Basic/26 x 15 x No. of service.
Leave days will not be considered in the calculation.
Thanks,
Regards,
Brijesh Vishwakarma
From India
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= Current/last drawn Basic/26 x 15 x No. of service.
Leave days will not be considered in the calculation.
Thanks,
Regards,
Brijesh Vishwakarma
From India
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Payment of Gratuity Act, 1972 & The Rules.ppt
THE PAYMENT OF GRATUITY ACT 1972.doc