Appreciate your help on the below question:
A long term employee has deceased in hospital after non professional illness.
How to calculate the gratuity?
- age of Employee: 42
- Date of Joining – 01/09/2001
- Date of Expire – 10/06/2018
- Total service – 16 years 9 month (= 17 years)
- Salary: 150000
I would calculate the gratuity as below:
1,50,000*15/26 *17= 14,71,153 Rs
* Is that calculation correct?
* Is there any additional amount on account of “death gratuity”
* is the gratuity to be paid fully to his wife, or partly to his minor kids (being deposited in this case)? (there is no nomition form)
* Employee has 60 days negative leaves (as company continued to pay his salary while he was in hospital). Can this leaves be deducted?
Thanks a lot in advance for your opinions.
A long term employee has deceased in hospital after non professional illness.
How to calculate the gratuity?
- age of Employee: 42
- Date of Joining – 01/09/2001
- Date of Expire – 10/06/2018
- Total service – 16 years 9 month (= 17 years)
- Salary: 150000
I would calculate the gratuity as below:
1,50,000*15/26 *17= 14,71,153 Rs
* Is that calculation correct?
* Is there any additional amount on account of “death gratuity”
* is the gratuity to be paid fully to his wife, or partly to his minor kids (being deposited in this case)? (there is no nomition form)
* Employee has 60 days negative leaves (as company continued to pay his salary while he was in hospital). Can this leaves be deducted?
Thanks a lot in advance for your opinions.