FINAL GRATUITY CALCULATION AMOUNT with LIC Gratuity Scheme?

jameel-ahamed

Dear Sir/Madam, I had joined in a Private Ltd Company in Hosur on 01.08.2013 & I resigned on 13.09.2019.My last drawn Basic Salary is Rs.17,500/-.My Company Opted Gratuity with LIC Gratuity Scheme. Can you please explain what is the Final amount I will get from the employer.

Aks17

Hi, The calculation for Gratuity is 15/26 x number of years completed at work x basic salary [incl DA, if applicable]
it comes to 15/26x17500x6= 60,576.92 or 60,577.00 [rounded off]
thanks and regards

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