Gratuity is calculated after completion of service of 5 years. it is calculated on basic salary, for an example if an employee's basic salary is Rs-25000/-per month & his service period is 5 years then calculation will be done as below.
Basic salary 25000/26*15 *5= 72115/-
7th February 2018 From India, Haridwar
But how to show gratuity in salary Breakup
I have enclosed attachment with this .I dont know what is the formula please help
13th February 2018 From India, Vadodara
In the sheet gratuity amt correctly shown (it will be always 4.81% of current basic). However while calculating the leave I have inserted the formula. 15 days annual leave for 26 days monthly working.
Pleased find attached the corrected sheet, hope this will serve your purpose.
Fellow members can put more light on it.
30th March 2018 From India, Delhi