Hi All,
Warm wishes and hope every one is doing well..
Well I have a confusion regarding the gratuity payout to some one who leaves a employer after 6 years.
Suppose Rs." GD" is amount deducted annually @4.81% per year. So with no increment the total gratuity deduction will be Rs. "6xGD" .
After 6 years he left the comp and the gratuity calculated as per act will be = Rs. ( Last month Salary Drawn/26 x 15 x 6 (years) ).
Now my question is " Is the total gratuity payout includes the total deduction done in 6 years i.e 6xGD or it will be added to the total payout calculated.
Kindly help me on this.
Warm wishes and hope every one is doing well..
Well I have a confusion regarding the gratuity payout to some one who leaves a employer after 6 years.
Suppose Rs." GD" is amount deducted annually @4.81% per year. So with no increment the total gratuity deduction will be Rs. "6xGD" .
After 6 years he left the comp and the gratuity calculated as per act will be = Rs. ( Last month Salary Drawn/26 x 15 x 6 (years) ).
Now my question is " Is the total gratuity payout includes the total deduction done in 6 years i.e 6xGD or it will be added to the total payout calculated.
Kindly help me on this.