Hello,
I have 5 years exp in TCS, in ITA grade now. I have heard from colleagues that they have got 5 lakh INR when they quit from TCS after 5 years.
My doubt is about Gratuity formula (Basic+DA) *15/26*5 the one I know.
When I calculate it is coming to 60000 [(15000+6000)*15/26*5]
Plus I have some 2 lakhs in PF now. Total is 2.5 to 3 lakhs.
Is this 5 lakhs amount due to a different Gratuity Amount calculation formula?
I have 5 years exp in TCS, in ITA grade now. I have heard from colleagues that they have got 5 lakh INR when they quit from TCS after 5 years.
My doubt is about Gratuity formula (Basic+DA) *15/26*5 the one I know.
When I calculate it is coming to 60000 [(15000+6000)*15/26*5]
Plus I have some 2 lakhs in PF now. Total is 2.5 to 3 lakhs.
Is this 5 lakhs amount due to a different Gratuity Amount calculation formula?