lokesh_sagi
Software Engineer
hi there, I Need formula for gratuity calculation pls. help me thanks, Lokesh
From United States, Fairfield
Amitmhrm
475

HR Practices
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

Service
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
33

HR PROFESSIONAL
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
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
File Type: xls gratuity_computation_1__460.xls (24.5 KB, 1392 views)

maher70
1

Executive Assistant to MD
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
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