If I have completed 4 years and 200 days in an organization, am I eligible for gratuity benefits as per our gratuity rules? If yes, then what amount shall I receive with the current basic of Rs. 10,000 plus zero DA?
Please refer to my previous post on gratuity for more information. Additionally, consider consulting the recent amendments to the Gratuity Act for assistance.
You should have completed 4 years and 240 days in the fifth year to be eligible for gratuity benefits.
Calculation for Gratuity
Considering a basic salary of Rs. 10,000 and Nil DA, the calculation will be: ((Last Drawn Basic/26) * 15) * Number of completed years of service = (10,000/26 * 15) * 5 = Rs. 28,846.
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