Gratuity Calculation - PDF Download [Thread 207275]

Hi,
Please calculate gratuity for an employee whose basic salary is $670 per month and was dismissed after serving for 3 years.
Thanks
Siginjo:confused:

dear
first you have to clear your query.you have to tell about which country you want to know
becasue in india we donot have dollor as currency.

hi all
i want to clear one thing if any employees had worked for a company for 4 years and 10 months is he is elgiable forGratuity

Dear kaushik,
No he is not eligible for Gratuity. An employee should complete his 5years of working then only he is eligible.
Regards
Sheetal

I think he is eligible for gratuity. As earlier Madras high court has given order in this favour. Please find enclosed herewith the copy of that.
Thanks,
(Sahil)

hi
pls specify the country because you have mentioned the currency as in dollars.
no, an employee should complete atleast five years to be eligible to claim for gratuity
rgds,
julie

Dear Siginjo
I think in you case, when you are sending out a person, you need to pay some compensation on it as per Principles of Natural Justice. Let me tell you the Gratuity Calculation Last Drawn Salary X 15 Days X No. of Years/26 Days.
Thanks & Regards

Hi,
In this case employee is not eligible for Gratuity. I am enclosing an article on Gratuity. This will help you to understand the concept better.
Regards,
Mansi

Dear
It depends on what grounds he has been dismissed. Otherwise if a person is discharged from services by his employer before the completion of five years, employee is entitling for gratuity.
Calculation is the same: Last Salary * 15 / 26 * No. of year of service
670/15*26= 386.54
386.54 X 3 = $ 1159.62

after serving for 3 years of service a person is not eligible for gratuity. it is applicable only after 5 years of continuing of service
regards,
manoj urma
brajrajnagar
jharsuguda