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

Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
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
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

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
Regards
Naval
9630117777

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
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2020 Cite.Co™