Help out in calculation of gratuity and does a pvt. company provides it if we complete 5 yrs?

Pallavi Gandotrahr
Dear All, Can anyone help out in calculation of gratuity and does a pvt. company provides it if we complete 5 yrs?
malikjs
dear
applicablity does not have any concern with pvt ltd,public ltd,partnership concern or properitory concern.
tks
js malik
R.N.Khola
Dear Pallavi,
We are also to consider the D A along with Basic while calculating the amount of gratuity. Plz go through the definition of wages under the PG Act,1972.
Regards,
R.N.Khola

Skylark Associates,Gurgaon (Haryana)
09810405361
Prasad81
"As Gratuity is applicable to those employee who have completed continuous 5 or more year services. They should worked 240 days in every year. Gratuity is payable 15 days per every working years."
Dear Seniors,
Please clarify me
If any employee has worked in a organisation for 8 years.
For the first and second year he has worked for more than 240 days.
For the Third year he has worked for less than 240 days.
and for rest of the five CONTINUOUS YEARS he has worked for more than 240.
Then please clarify me whether gratuity is payable? and if so for what many years i.e. for 5 years or for 7 years.
R.N.Khola
Dear Member,
In you case/query, the employee have worked for 8 years continuously. He is eligible for payment of gratuity payment leaving behind only one year in which he have not put in 240 days working for entitlement for gratuity for that particular year. This can not be considered as break in service. Therefore this employee will be entitled for 7 years gratuity.
Opinion submitted as per your request.
Kamleshsujal
Farmula = Current Basic X No. of Completed Year X 15
_____________________________________
26
Current Basic means Basic+DA
bhaveshj
Dear Pallavi,
See the attachment. Hope it is useful to you.
Regards,
Bhavesh
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pvkrishnapradeep
Dear Pallavi,
See the attachment of Gratuity calculation :). Hope it is useful to you.:)
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mizan-rahman
Dear,
It follow may be Indian service rules or act. It is easy & good format. I want also Gratuity Calculation Rules as per Bangladeshi Act.
If you have any.....pls.
THANK YOU.
Mizan
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