Dear friend
here I wll give a formula for calculation of gratuty with example.
the data of the employee service.
total salary=30000, basic+DA=14300.
Total service 8 years.
so: the farmula says according tp the payment of gratuty act 1972,
last month drawn salary(basic+D.A)/26X15x NO.OF SERVICE RENEDERED.
ACDING FARMLA: 14300/26x15x8=66000.
in this regard if u feel doubts plz share with me.
email: [Login to view] phone:09966003365.
Best regards,
SRINU DARA, HR, SEIL, VIZAG,