Sunita G,
Mr. J.S. Malik is right but please i clear one point in here, you can't pay maximum amount of gratuity of Rs. 3,50,000/-
Supose as per calculation (Basic/26X15Xno of service = Rs. 3,55,000/-)
As per law you can pay only Rs. 3,50,000/- to employee, you shall not entitled to pay other amount to retired employee.
Regards
Manoj Kumar