Alphonse
Manager -hr&a
Naval R
Manager-admin
Lalitmohan
Admin, Hr, It, Finance
BHANUDAS BHORE
Admin. Service In Finance & Accounts
+1 Other

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
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

Attached Files
Membership is required for download. Create An Account First
File Type: pdf NEW GRATUITY ACT-AMMENDMENT.pdf (726.5 KB, 1062 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
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
What is the procedure of Appeal to Income tax? and Which steps assesses has to fallow up to Supreme Court?
Add Reply Start A New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.

Prime Sponsor: TALENTEDGE - Premium Professional Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)





About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™