Gratuity Calculation - Pdf Download

Dear Sir / Madam,
Kindly help me with the latest calculation for Gratuity.
As per my information, I know the following calculation -
Last drawn Basic * 15 days * No. of service in years / 26
Maximum limit for Gratuity calculation is Rs. 350000/-
Is this information correct? If not kindly let me know the latest calculation.
Regards
Vinayak Sonawane

Dear HR friend
The maximum gratuity limit is not Rs.3,50,000 but the resent ammentment says it is 10lakh. I am attaching the GO for your reference and records
Formula is as follows
Basic
-------- x 15 x no of complected years of service.
26
Regards
Alphonse
9443625359

Dear Friend
Kindly tell me that If any employee has been complete 4 yrs 11 month.Will he get gratuity as per our low??.
I am waiting your prompt response.
With Best regards
Lalit Mohan

Dear All,
If Employee have worked for 5.4 Years then Gratuity will be calculated on 5 years or full 5.4 Years.
Below Calculation is correct or NOT.
DOJ DOL NO.of Year Last Basic Gratuty Amount
11-Aug-07 1-Jan-13 5.4 10350 29856
Regards
Naval
9630117777

What is the procedure of Appeal to Income tax?
and Which steps assesses has to fallow up to Supreme Court?