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aniket-kumbhar
IF I HAVE COMPLETED 6YEARS 6 MONTHS AND 12 DAYS IN A COMPANY AND MY LAST DRAWN BASIC & DA IS 14500RS ,THEN HOW MANY YEARS IT WILL BE CONSIDERED FOR CALAULATION AS PER RULE AND WHAT WILL BE THE AMOUT I WILL BE RECEIVING AS GRATUITY.
CITE HR HELP ME WITH THIS DOUBT BECAUSE OUR COMPANY HR IS SAYING THAT IT WILL BE NOT CONSIDER AS 7 YEARS OF SERVICE THE RULE IS STILL NOT IMPLEMENTED.

From India, Pune
hire-link
Considering your basic as Rs14500/- you will be paid Rs55212/-
From India, Mumbai
Anonymous
Sir what period, will be consider will it be roundoff to 7 yrs or 6years
From India, Pune
The Mother
13

Total service is 6 years 6 months and 12 days. Hence you are eligible for gratuity for 7 years. Hence gratuity payable to you is Rs.58,558/- ( 14500/26*15*7=58,558/-) N.LOKANADHA BABU Sr.Manager-HR
From India, Guntur
Madhu.T.K
4208

Is there any provision under the Payment of Gratuity Act that gratuity should be computed on basic wages and dearness allowances only? Why should not allowances which are not purely compensatory in nature should not be considered for calculation of gratuity? In the past, salary would contain only Basic salary and dearness allowance. But in the current industrial scenario, the concept of salary or remuneration has changed, and now a days it is not the remuneration payable to an employee but it is a cost to company!

Please follow the link

https://www.citehr.com/646656-gratuity-qualifying-salary-some-observations-shift-concept.html

http://madhu-t-k.blogspot.com/2024/04/gratuity-qualifying-salary-some.html

Madhu T K

From India, Kannur
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