Gratuity - Gratuity Calculation [Thread 307475]

Akshara250

The formula for calculating gratuity is ( Basic*DA)*15* No of years of service/ 26.
What is this 26 in the formula. Can anyone please help me with that?
Thank you,
Akshara

virajgovekar

Dear Akshara,
The formula is ((((Basic + DA)/26)*15)*no of years of service).
Ok and 26 is no of days in a month. You do not consider OFF days.
Regards,
Viraj

boss2966

Dear Akshara
Please first of all refer Payment of Gratuity Act. You can find a lot of information whatever you want.
With warm regards
S. Bhaskar
9099024667

G. Edward Lawrence

Dear Akshara,
Calculation for Gratuity Act: Last Drawn Basic+DA/26*15* No of years of Service.
As per Gratuity Amendment Act 2010 the maximum ceiling to get Gratuity is 10, 00,000.
Regards,
Lawrence

7fb99eaa178b7e150cee28265

I understand Gratuity is paid after a period of four years and 240 days (4 years and 240 days) - If anyone is aware about this new development, pls advise
Regards
Kumar

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