Hi, I have a query relating to Gratuity entitlement. If I work in a private concern for the last 12 years, my gratuity amount is 37,000. My HR manager and Accounts Manager said this is the final amount. Can anyone help me, please?
Regards, Durai
From India, Patna
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Regards, Durai
From India, Patna
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Hi,
Gratuity is calculated based on the last drawn Basic (+DA if applicable). You can verify this by yourself by applying the formula below:
Last drawn Basic (+DA) * 15/26 * number of years completed.
If there are any changes in the amount, you may cross-check with your HR Department.
From India, Madras
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1015Gratuity is calculated based on the last drawn Basic (+DA if applicable). You can verify this by yourself by applying the formula below:
Last drawn Basic (+DA) * 15/26 * number of years completed.
If there are any changes in the amount, you may cross-check with your HR Department.
From India, Madras
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This is a bad practice of HRs to take only the basic pay for the calculation of gratuity. In my opinion, the total salary should qualify for gratuity. If your gross salary qualifies for deciding the amount to be deducted if the employee takes leave without pay, why should only the basic salary and DA be considered for gratuity calculation? Please follow the following link as well:
[Madhu T K: Payment of Gratuity and Gratuity Qualifying Salary](http://madhu-t-k.blogspot.com/2019/10/payment-of-gratuity-and-gratuity.html)
From India, Kannur
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[Madhu T K: Payment of Gratuity and Gratuity Qualifying Salary](http://madhu-t-k.blogspot.com/2019/10/payment-of-gratuity-and-gratuity.html)
From India, Kannur
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GRATUITY Calculator for Central Govt & Private Concern only.xls
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