How To Calculate Gratuity

Dear all
How to calculate gratuity plz give an examle.

Dear all
please find calculation of gratuity
basic/26*15*no of duty years=gratuity

The calculation of Mr Sivasankaran is not correct.
Varghese mathew
9961266966

Sorry
(Basic plus DA/26)815*Number of years of Continuous Service
In my earlier post, I have missed 15 which is meant to calculate half a month's wages

Good information
Thnaks to all of you for such information.
Regards
Ss

Hi All,
can any of you clear me that every body is entitle for gratuity, i mean this will received also during retirment time ?
Regards
Ss

Dear Member
As per my knowledge, An employee should have rendered continuous service of not less than five years,
No of Years Salary (Earned Basic + D.A) Calculated Salary (B/26*15) Calculated gratuity (A*C) Maximum gratuity Applicable gratuity
(A) (B) (C) (D) (E)
6 10000 5769 34615 1000000 34615
Act says ….. 4 years 8 months (or 240 days to be precise for organizations working 6 days a week)
or
4 years 190 days (in the case of an employee employed below the ground in a mine or in an establishment which works for less than six days in a week )
In case of death or disablement, the gratuity is payable, even if he has not completed 5 years of service
Hope you are now clear about the rules.
Thks
Vijayan

Retiring employees also are eligible for gratuity.
Varghese Mathew
9961266966

Hi,
as per official termination cases also have to pay the Gratuity irrespective of service....
Srinvias B