Would like to know about the gratuity act and the calculation formula in India (Maharashtra)

why we use 26 days to calculate the gratuity if the basic of employee is fix for a month either it is of 30 days or 31 days.

Gratuity is one of the main components of retiral benefits provided to an employee.
Formula to calculate gratuity: (Number of years of service) * (Last drawn monthly Basic and DA) *15/26.Here DA means Dearness Allowance. (Cost of living adjustmnt for pensionrs) So, if you have served 30 years and draw monthly Basic and DA of Rs. 50,000 when you leave the job, you get gratuity of Rs. 8,65,385 calculated as (30 * 50,000 *15/26).
if you want know more visit https://hrone.cloud/how-to-calculate-gratuity/

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