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Salary structure where gratuity is the part of ctc. how we are calculating gratuity amount ?
Anyone can give me a salary structure where gratuity is the part of ctc. how we are calculating gratuity amount during the full & final settlement of an employee if he/she leaving the company before five years in the same context.
Payment of gratuity on completion of 6 yrs 7 months
Dear seniors kindly intimate if an employee complete 6 years and 7 months service what is his eligibility of gratuity? is it 7 years to be taken for calculating gratuity? or is it 6.5 years for calculating gratuity? the confusion has come due to para 2 b of gratuity act which define for calculating 6 months service for calculation gratuity? kindly advice. thanks with regards mohan kumar
No. of days to be considered for salary calculation
Hi members i have been through the replies of members and found that most of them are considering 30 days for the calculation of salary. but here i have a doubt to all those who are calculating taking 30 days as base for salary. 1. if the no. of working days in a month is less like compensatory off as we usually see them in manufacturing sector. if you come across such situations how you are calculating the salary. 2. as per our laws we take 26 days as standard for calculating el gratuity etc from where we understand that weekly off s are not taken as paid rest days. prasanta
What is the eligibility for getting gratuity? what is a formula for calculating gratuity?
Hiall members please tell me in detail about gratuity. please give answers to the following question q.1 what is the eligibility for getting q.2 what is a formula for calculating gratuity? please tell with example q.3 what forms we used for gratuity? q.4 do we need to send returns for this if yes where we have to send them and which form is used for this? please reply soon.
Gratuity
Can anyone help me in the below questions on gratuity. 1.is there any salary slab for those who are eligible for gratuity or all employees who completed 5 years are eligible ? 2. any cut off amount for basic and da in calculating gratuity ?
Gratuity related
Dear sir i am completed five years of service in present organisation. i am getting consolidated salary. generally we are calculating gratuity based on basic salary and da. so in my case how to calculate gratuity?. thanks & regards m.scstat dmm pgd pm