nirav-mistry
Hello! Here is my last month salary slip declaration, Now I am in notice period and my last day is 11th may,2022.
I have completed 7 years. How HR will calculate my gratuity amount.
I am confused about the basic salary for the Current Month.

Basic Salary 41000
HRA- 16400
CA- 4100
Food Allow - 2000
Children Allow -200
Statutory bonus -2000
LTA - 14500
PT- 200
EPF-1800x2- 3600
---------------------------
Gross: 80200
Net Amount : 78200


I want to understand my gratuity amount.

Please help me.
From: India

From India, Vadodara
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Saswatabanerjee
Partner - Risk Management
Amit-singh1
Assistant Manager-hr
Jagdish.pathak
Payroll & Hr Services
Kumaramars
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saswatabanerjee
2356

are all the items monthly ? What is CA?
From India, Mumbai
kumaramars
1

your Basic salary/26*15* no of years completed. i.e. 41000/26 =1576.92*15*7= Rs.165577.00 Kumar Amar Singh
From India, Mumbai
bharat-gera
5

Dear Friend,

The calculation will be done as under;

41000 (last drawn basic salary)*15*7 years/15

Normal rate of last drawn monthly basic salary is considered and not the actual basic salary you are drawing in the last month or last few days of the month.

It can also be said 41000 multiplied by 7 years multiplied by 15 days divided by 26 days.

Warm Regards
Bharat Gera
AV Consultants
9322404765

From India, Thane
amit-singh1
2

Dear,
Actual Gratutity Amount calculation will be done by ur Office HR. but in brief you may calculate Gratuity amount @ 4.81% of your yearly basic * number of service years.

= 41000X12X4.81%=23,665 X 7=165655.00

Best of luck for new assignment.

From India, Gurgaon
jagdish.pathak
49

Hi,

Please find below the calculation for your records.

Actual Basic salary / 26*15* no of years completed.

**please note that if you have completed 7 years and 06 months, you will get 8 years Gratuity.

From India, Gurgaon

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