Dear Seniors,
I would like to know that as per the gratuity act the calculation is last basic pay*no of years in service*(15/26) but one of my friend says as per latest amendment, if any employee completed his/her service more than 10 years the normal calculation is not apply to him/her, the actual calculation is last basic pay*no of years in service*(26/26)
Hence if his statements are correct, can any one show the notification regarding such changes.
I would like to know that as per the gratuity act the calculation is last basic pay*no of years in service*(15/26) but one of my friend says as per latest amendment, if any employee completed his/her service more than 10 years the normal calculation is not apply to him/her, the actual calculation is last basic pay*no of years in service*(26/26)
Hence if his statements are correct, can any one show the notification regarding such changes.