Dear Sir /Madam,
Suppose a Person retired from his job at the retained age of 63 years instead of 58 years .
Then such condition , the employer liable to pay gratuity to employee , as his/ her last salary drawn at the age of 63 years / 58 years and accordingly
number of service years counts as per his / her age of 63 years / 58 years.
suppose at the age of 58 years last salary drawn Rs 5800 and Number of year service is 12 years .
suppose at the age of 63 years last salary drawn Rs 7375 and Number of year service is 17 years .
Pl. advice me .
regards,
MUKESH GOYAL
9158009792
1st August 2019 From India, Shahada
Hi Mukesh,
Gratuity calculation remain same whether 58 years or 63 years.
for 12 years the gratuity amount is Rs.40,154 @basic Rs.5800/-
for 17 years the gratuity amount is Rs.72,332 @basic 7375/-
More the service period more gratuity amount.
Further for the purpose of gratuity calculation Basic+DA to be considered.
1st August 2019 From India, Madras
Age of retirement is unimportant.
Conditions laid down in Gratuity act need to be fulfilled for entitlement to gratuity.
1st August 2019 From India, Pune
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