Gratuity last month calculation - confused about the basic salary for the Current Month

nirav-mistry
Hello! Here is my last month salary slip declaration, Now I am in notice period and my last day is 11th may,2022.
I have completed 7 years. How HR will calculate my gratuity amount.
I am confused about the basic salary for the Current Month.

Basic Salary 41000
HRA- 16400
CA- 4100
Food Allow - 2000
Children Allow -200
Statutory bonus -2000
LTA - 14500
PT- 200
EPF-1800x2- 3600
---------------------------
Gross: 80200
Net Amount : 78200


I want to understand my gratuity amount.

Please help me.
From: India
saswatabanerjee
are all the items monthly ?
What is CA?
kumaramars
your Basic salary/26*15* no of years completed.

i.e. 41000/26 =1576.92*15*7= Rs.165577.00

Kumar Amar Singh
bharat-gera
Dear Friend,

The calculation will be done as under;

41000 (last drawn basic salary)*15*7 years/15

Normal rate of last drawn monthly basic salary is considered and not the actual basic salary you are drawing in the last month or last few days of the month.

It can also be said 41000 multiplied by 7 years multiplied by 15 days divided by 26 days.

Warm Regards
Bharat Gera
AV Consultants
9322404765
amit-singh1
Dear,
Actual Gratutity Amount calculation will be done by ur Office HR. but in brief you may calculate Gratuity amount @ 4.81% of your yearly basic * number of service years.

= 41000X12X4.81%=23,665 X 7=165655.00

Best of luck for new assignment.
jagdish.pathak
Hi,

Please find below the calculation for your records.

Actual Basic salary / 26*15* no of years completed.

**please note that if you have completed 7 years and 06 months, you will get 8 years Gratuity.
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute