Manager -hr&a
Naval R
Head Hr & Administration
Admin, Hr, It, Finance
Admin. Service In Finance & Accounts
+1 Other

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Dear Sir / Madam,
Kindly help me with the latest calculation for Gratuity.
As per my information, I know the following calculation -
Last drawn Basic * 15 days * No. of service in years / 26
Maximum limit for Gratuity calculation is Rs. 350000/-
Is this information correct? If not kindly let me know the latest calculation.
Vinayak Sonawane

From India, New Delhi
Dear HR friend
The maximum gratuity limit is not Rs.3,50,000 but the resent ammentment says it is 10lakh. I am attaching the GO for your reference and records
Formula is as follows
-------- x 15 x no of complected years of service.

From India, Madras

Attached Files
File Type: pdf NEW GRATUITY ACT-AMMENDMENT.pdf (726.5 KB, 1069 views)

Dear Friend Kindly tell me that If any employee has been complete 4 yrs 11 month.Will he get gratuity as per our low??. I am waiting your prompt response. With Best regards Lalit Mohan
From India, Delhi
Dear All,
If Employee have worked for 5.4 Years then Gratuity will be calculated on 5 years or full 5.4 Years.
Below Calculation is correct or NOT.
DOJ DOL NO.of Year Last Basic Gratuty Amount
11-Aug-07 1-Jan-13 5.4 10350 29856

From India, Indore
What is the procedure of Appeal to Income tax? and Which steps assesses has to fallow up to Supreme Court?
From India
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