I joined a company on 1st Aug 2002 and I resigned on 30th April 2011 - so total worked is 8yrs 8 months,so 9 years will considered for calculation
,my basic was 22500/- effective 1st april 2011,
Before increment basic was 15000/-,
According to Gratuity act i supposed to get gratuity on last drawn salary
which is 22500/-
gratuity calculation 22500X15x9/26=116827
Our company is taken LIC group gratuity scheme
Now our HR guy is telling that, they renew gratuity scheme in every year in DEC, so basic will be considered on that months
so his calculation is 15000X15X9/26=77885
so according to his calculation i'm losing 39000/-
Dear friends could u pls help me in this regard of Gratuity calculation and renewal policy of group gratuity scheme,
Is there any document which i can go back and fight for right calculation?
,my basic was 22500/- effective 1st april 2011,
Before increment basic was 15000/-,
According to Gratuity act i supposed to get gratuity on last drawn salary
which is 22500/-
gratuity calculation 22500X15x9/26=116827
Our company is taken LIC group gratuity scheme
Now our HR guy is telling that, they renew gratuity scheme in every year in DEC, so basic will be considered on that months
so his calculation is 15000X15X9/26=77885
so according to his calculation i'm losing 39000/-
Dear friends could u pls help me in this regard of Gratuity calculation and renewal policy of group gratuity scheme,
Is there any document which i can go back and fight for right calculation?