Gratuity calculation please. Service 6.2 yrs.

Hi HR Folks,

Could you please assist with the calculation of gratuity for an employee with 6.2 years of service? Thank you.

Dear friend,

The subject matter, posted by you, has come up for discussion many times. If you simply scroll down your computer screen, you can find the answer on the right side of your screen.

Hi,

Please refer to the calculation for the Gratuity:

Last drawn basic + DA x 15/26 x number of years completed.

Dear Sir,

Let me elaborate on Mr. LN's answer with a small correction [typo].

It's Last Drawn Basic + DA x 15 / 26 x number of years completed.

Assuming that your last drawn Basic + DA is Rs. 1,00,000 and you have worked for 6.2 years.

Your Gratuity Payment is = 1,00,000 x 15 / 26 x 6 = Rs. 3,46,153.8

* Note: If the years of service end in decimals, for the purpose of calculation, it will be rounded off to the nearest integer.

Hi Srini,

It is a typo error.

Last drawn basic + DA x 15/26 x number of years completed.