Dear All,
Tenure for eligibility to get Gratuity is 5 years.
1 year completion equal to 240 days working out of 365 days.
it includes paid Weekly offs, paid Holidays, and approved earned leaves.
1 month equal to 26 days of working.
Formula for calculating gratuity is :
((Basic+DA)*15/26)*Number of completed years.
Tenure for eligibility to get Gratuity is 5 years.
1 year completion equal to 240 days working out of 365 days.
it includes paid Weekly offs, paid Holidays, and approved earned leaves.
1 month equal to 26 days of working.
Formula for calculating gratuity is :
((Basic+DA)*15/26)*Number of completed years.