Understanding Gratuity: How Do You Calculate It for Covered and Uncovered Schemes?

Hi, can someone please tell me how to calculate gratuity under the covered scheme and not covered scheme?

Thanks and regards,
Alankrita

Formula for the Calculation of Gratuity:

1. Basic/26 x 15 days x number of years of service OR
2. BASIC + DA (Last Pay drawn) x 15 / 26 x No. OF YEARS

In the case of piece-rate wages, daily wages shall be computed on the average of total wages received by the employee for a period of three months immediately preceding the termination of his employment. Overtime (OT) shall not be considered.

For example, suppose I have completed 6 years in the same company, and my last basic + DA is 15,000. The calculation is as follows:
15,000 x 15 days / 26 x 6 years = Rs. 51,923/-

Regards