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.
Regards
Vinayak Sonawane
From India, New Delhi
9Kindly 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.
Regards
Vinayak Sonawane
From India, New Delhi
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
+1 Other
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
Basic
-------- x 15 x no of complected years of service.
26
Regards
Alphonse
9443625359
From India, Madras
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
Basic
-------- x 15 x no of complected years of service.
26
Regards
Alphonse
9443625359
From India, Madras
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
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
Regards
Naval
9630117777
From India, Indore
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
Regards
Naval
9630117777
From India, Indore
Gratuity calculation.doc
Gratuity Calculation tool.xls