(basic salary+ DA if any)* no. of years*15/26
19th August 2017 From India, Pune
You have further stated that company is paying you all, gratuity @4.81% every year, this is confusing. Could you please elaborate your type of employment, whether contractual, project basis or regular?
Please also confirm before introducing gratuity in 2017 (as per your statement) company has obtained any undertaking and or any type contract as regards to gratuity eligibility. If not, you are eligible for gratuity on last drawn salary (Basic+DA if any) after completion of 5 years continues service.
22nd August 2017 From India, Thane