Dear Seniors, If an employee is taking 160000 rupees per month, what would be his gratuity amount after 5 years as per Delhi State? Also, if we keep his basic salary at 25000 as per the Minimum Wages Act Delhi, the calculation will be done on 25000 or 50% of 160000. Please suggest the right way.
Thanks
From India, New Delhi
Thanks
From India, New Delhi
Hi, Gratuity can be calculated on the last drawn Basic (+ DA if applicable). Last drawn Basic x 15/26 x number of years completed.
From India, Madras
From India, Madras
Gratutiy is on basic and da
You are keeping DA at 15% of his gross.
This is why govt is putting minimum basic in the new wage code and other labour laws.
But at the moment, nothing wrong with your working, though I think it will make your company less attractive to prospective employees
From India, Mumbai
You are keeping DA at 15% of his gross.
This is why govt is putting minimum basic in the new wage code and other labour laws.
But at the moment, nothing wrong with your working, though I think it will make your company less attractive to prospective employees
From India, Mumbai
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