What Is My Gratuity Amount? - CiteHR
Assistant Engineer, Indian Telephone Industries,
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Sir My Basic pay 17570 Service Time 18years 9month I want to know what is my gratuity amount Regards Chandan Kapoor
Gratuity = Last Drawn salary(Basic) *15/26* no. of year service
Dear Mr.Chandan Kapoor, If salary is Rs.17570, your gratuity will be 17570x19x15/26 = Rs.1,92,594/- Abbas.P.S
Dear concerned readers, For computation of one’s gratuity, dearness allowance eligible or drawn on the date of termination of service is also to be considered in addition to basic pay.
Sir My basic pay 17570 Date of joining 1st July 1996 Date of Living 31st March 2014 How much my Gratuity Amount? Company Gave me cheque Rs 158130 Pls advise me What I do? Regards Chandan Kapoor
They have paid you for 15.6 year , which his wrong. Please ask them how they have calculated and tell them it is calculates as mentioned by Abbas. Ask for extra money.
Mr.Kapoor, I differ a bit and would like to add to the answer. You have mentioned that your basic pay is Rs.17570/-. There is a component of VDA or DA (Dearness allowance) in pay. In other way, the emoluments which constitute your salary shall be reckoned for the purpose of calculation of your gratuity. so the gratuity will be = last drawn salary or pay (Only Basic+DA)/26 * 19 * 15. However, if there is no such component in addition to Basic pay, the calculation shown by Mr. Sumit & Mr. Abbas is correct.
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