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Dear all please find calculation of gratuity basic/26*15*no of duty years=gratuity
From India, Ahmedabad
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From India, Ahmedabad
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The calculation of Mr Sivasankaran is not correct. Varghese mathew 9961266966
From India, Thiruvananthapuram
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From India, Thiruvananthapuram
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Sorry (Basic plus DA/26)815*Number of years of Continuous Service In my earlier post, I have missed 15 which is meant to calculate half a month’s wages
From India, Chennai
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From India, Chennai
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Hi All, can any of you clear me that every body is entitle for gratuity, i mean this will received also during retirment time ? Regards Ss
From India, Calcutta
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From India, Calcutta
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As per my knowledge, an employee should have rendered continuous service of not less than five years.
Gratuity Calculation Example
No of Years | Salary (Earned Basic + D.A) | Calculated Salary (B/26*15) | Calculated Gratuity (A*C) | Maximum Gratuity | Applicable Gratuity
(A) | (B) | (C) | (D) | (E)
6 | 10000 | 5769 | 34615 | 1000000 | 34615
The Act states:
- 4 years 8 months (or 240 days to be precise for organizations working 6 days a week)
- 4 years 190 days (in the case of an employee employed below the ground in a mine or in an establishment which works for less than six days in a week)
In case of death or disablement, the gratuity is payable, even if the employee has not completed 5 years of service.
Hope you are now clear about the rules.
Thks,
Vijayan
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Gratuity Calculation Example
No of Years | Salary (Earned Basic + D.A) | Calculated Salary (B/26*15) | Calculated Gratuity (A*C) | Maximum Gratuity | Applicable Gratuity
(A) | (B) | (C) | (D) | (E)
6 | 10000 | 5769 | 34615 | 1000000 | 34615
The Act states:
- 4 years 8 months (or 240 days to be precise for organizations working 6 days a week)
- 4 years 190 days (in the case of an employee employed below the ground in a mine or in an establishment which works for less than six days in a week)
In case of death or disablement, the gratuity is payable, even if the employee has not completed 5 years of service.
Hope you are now clear about the rules.
Thks,
Vijayan
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