Ess Enn Exports - HRD
Dear Team, What is the gratuity formula if an employees completes his/her 7 years of service with 25000 salary per month?
From India, Coimbatore
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Ommygautam
Plant Hr Head
Gurupada1986
Hr Manager
Zyn1
Hr Manager

Gurupada1986
12

Please Find the attachment Gratuity calculation sheet it will help you
From India, New Delhi

Attached Files (Download Requires Membership)
File Type: xlsx Gratuity Calculation.xlsx (20.2 KB, 95 views)

ommygautam
68

(Last Drawn Basic+DA { if any}/26) X 15 X 07 ( Nos. of year completed
From India, Rudarpur
zyn1
4

Hi,

The amount of gratuity for employees whose employer is covered under the Gratuity Act can be calculated using the formula:
Gratuity = n*b*15 / 26

Where n = Tenure of service completed in the company
b = Last drawn basic salary + dearness allowance

For example, you have worked with XYZ company for a period of 15 years. Your last drawn basic salary along with dearness allowance was Rs 30,000. Hence:

The amount of gratuity = 15 * 30,000 * 15 / 26 = Rs 2,59,615

for better understanding, you may reach us at https://bit.ly/3dV6ujK

Zain

From India, Surat

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