How Is Gratuity Calculated?

Tsivasankaran

Consultant

Nand Kumar

Services

Narayankg

Manager Operations

+3 Others

narayankg

I would like to know how is the gratuity payout calculated. I have heard that its 15 days of pay based on your current pay structure. Not too sure....
7th February 2008 From United Kingdom, London

tsivasankaran

Gratuity formula is as under Basic + DA at the time of leaving *15 * number of years of completed service / 26 Siva
7th February 2008 From India, Chennai

tsivasankaran

DA stands for Dearness Allowance. It may not be there in in BPOs or it may not be paid at senior levels It is paid to nutralise inflation Daily Allowance does not attract gratuity or PF or Bonus Siva
7th February 2008 From India, Chennai

nand kumar

Gratuity = BASIC + DA/26*15*No.of Year of Services Eligibility Criteria is Minimum compilation of 5 Year of services.
8th February 2008 From India, Pune

Nisha Srivastava

Hi In what circumstances, a person after serving 5 years in a company is not eligble for Gratuity payment. Plz reply
12th February 2008 From India, Kanpur

Pratham solanki

Dear Sir,
I have been working in Organisation company from last 9 years & company deducted my Pf from my salary but problem is company didn't gave me pf slip & Pf no.from joining.
Company name Transcoastal Cargo & Shipping Ltd.
Kindly advice What can i do?
Manish Solanki
Gandhidham - Gujarat
25th March 2011 From India, Gandhidham

chantig

HibPratham,
Did you ever get a payslip which shows PF deduction component out of your salary. If yes , the must be payung it you can ask for pf number otherwise you can approach pf department.
Regards
Hema
14th March 2016 From United States, Ogden

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