Dear All, Can you plz let me know the procedure for calculation of Gratuity ?
From India, Bangalore
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From India, Bangalore
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Once the employee completes a period of 5 years of continuous service, he/she is eligible for gratuity. The calculation for gratuity is 15 days' wages of the employee per year multiplied by the number of years he/she has worked.
From India, Bangalore
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Hi Aisha n Jeeva, Thank you for the reply, may i know before calculating what all forms to be issued or received and after issuing gratuity what as to be done.
From India, Bangalore
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From India, Bangalore
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Once the employee attains one year of experience, you should enroll them for Gratuity by filling out the nomination form. Gratuity will be paid at the full and final settlement. Under that, you shall receive the declaration for the payment of the Gratuity amount. There is no need to pay for existing employees.
Regards,
From India, Bangalore
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Regards,
From India, Bangalore
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[QUOTE=sneha shetty;2043342]Hi Aisha and Jeeva, thank you for the reply. May I know what all forms need to be issued or received before calculating gratuity? Also, what needs to be done after issuing gratuity?
Dear Sneha,
Instead of asking for 'piecemeal' instant coffee tips, why don't you get a bare act of the Gratuity Act and understand the overall information and implications? This will save time and energy. Moreover, use the search options as this subject has been discussed many times in Cite HR.
ATB, kumar.s.
From India, Bangalore
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Dear Sneha,
Instead of asking for 'piecemeal' instant coffee tips, why don't you get a bare act of the Gratuity Act and understand the overall information and implications? This will save time and energy. Moreover, use the search options as this subject has been discussed many times in Cite HR.
ATB, kumar.s.
From India, Bangalore
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