Hello Guys, How to calculate gratuity in case of Death
Suppose one employee completed 2 years and died during the service. How much gratuity need to pay his/her nominee
His Basic & DA is 15000/-
DOJ 01/02/2020
DOD 01/10/2021
From India, Bharuch
1Suppose one employee completed 2 years and died during the service. How much gratuity need to pay his/her nominee
His Basic & DA is 15000/-
DOJ 01/02/2020
DOD 01/10/2021
From India, Bharuch
Gratuity payable in this case can be worked out using the formula (15000/26)X 15X 2) = Rs 17,308 .
From India, Mumbai
From India, Mumbai
Gratuity calculation in case of death while on duty has been rightly calculated by KK HR R R KAPOOR Vadodara
From India, Vadodara
From India, Vadodara
That is why to reduce the burden of this liability and get more benefits to the employee, companies take compulsory insurance under section 04A of the Gratuity Act. So that after death, the calculation of the employee till the date of retirement is paid by the concerned insurance company.
From India, Rudarpur
From India, Rudarpur
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