Gratuity Calculation Help Needed: How Do You Calculate for 6.2 Years of Service?

Hi HR Folks, could you please assist with the calculation of gratuity for an employee with 6.2 years of service? Thank you.

Hi, Please refer to the calculation for the Gratuity:

Gratuity Calculation Formula

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].

Gratuity Calculation Formula

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.