GRATUITY FOR 4.8 YRS and 18 days - how the calculation is to be done?

satish987891@gmail.com
Hi, If gratuity is eligible for 4.8 years, then please share how the calculation is to be done for 4 years, 8 months and 18 days.
Aniket Pathak
Dear Satish,
As you can see the formula, you don't need to calculate gratuity for month & days you just need years calculate it on 5 years
Jo Suresh
Gratuity Calculation for 4.8 years.
Basic X 15 days X 4.66/12
Please convert .8 years in to months. i.e 8/12 = .66
Jo Suresh
Sorry, ignore the previous calculation.
BasicX 15 days X 4.66/26
Please convert .8 years in to months. i.e 8/12 = .66
KK!HR
The gratuity is to be calculated as per the formula given below :
Gratuity Calculation= [ (Basic Pay + D.A) x 15 days x No. of years of service ] / 26
Where,
D.A = Dearness Allowance.
In calculating no. of years of service, the time period in excess of six months is considered as one year and less than six months is not reckoned. (See Section 4(2) of the Act.
So in this case it will be (Basic Pay + D.A) x 15 days x 5] / 26. There is no fractional calculation involved
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