lokesh_sagi
hi there, I Need formula for gratuity calculation pls. help me thanks, Lokesh
From United States, Fairfield
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Katyana
Hr Professional
Maher70
Executive Assistant To Md
Amitmhrm
Hr Practices
Patroap
Service
Lokesh_sagi
Software Engineer

Use factoHR and automate your HR processes

Mobile-first hire to retire HR and Payroll software that automates all HR operations and works as a catalysts for your organisational growth.



Amitmhrm
492

Hi Lokesh,
Gratuity Formula is
Last Basic Salary + DA earned / 26 * 15 * No of years worked
The conditions are
1) Minimum of 5 years of service
2) The above formula is for monthly salary employees
Gratuity amount above rupees 3.6 Lacs would be taxable.
Regards,
Amit Seth.

From India, Ahmadabad
patroap
2

Dear sir,
Pls. clarify gratuity payable to an employee on his death before completion of his 5 yrs service.( 1.5 -2.0 yrs. in service only.)
His salary was Rs. 5000.00 p.m
pls. calculate his gratuity amount for 2 yrs.
Rgds.
ARbindo

From India, Mumbai
katyana
35

Hi, Since u have not clarified , whether the amount of Rs. 5000/- is basic or gross salary. The gratuity amount would be calculated , at formula which Amit has mentioned above. katyana
From India, Gurgaon
M.Peer Mohamed Sardhar
730

Hi lokesh,,,
Kindly click on the link to get the details
https://www.citehr.com/download-list.php?query=gratuity
Also find an attachment

From India, Coimbatore

Attached Files (Download Requires Membership)
File Type: xls gratuity_computation_1__460.xls (24.5 KB, 1436 views)

maher70
1

Hi resigned from my services. I was working on the post of personal secretary to executive Director. I joined my services on 01/05/2001 and resigned on 31/05/2017. My total length of services is of 16 years.
my basic salary is Rs. 15,570/- and DA is 375, hence, I calculated my gratuity as under:
15,570+375= 15,945 x15 x 16 /26= 1,47,184 would be my gratuity amount. But i received the cheque of Rs. 1,29,360/- only. When I asked my accounts department, they said we are giving and calculating like this only. So the question, is should I ask them for the formula which they have used in calculation. Is there different formulas to calculate gratuity rather then above which i have used.
Please anybody guide me - I need clarification.

From India, Kolkata

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views.







About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2022 CiteHRŽ

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server