Formula For Calculating Gratuity

Dear Azeem,
The Act does not provide separate formula for calculation of gratuity amount for those units which have five days working.
Regards,
R.N.Khola
Skylark Associates, Gurgaon(Haryana)
(Labour Law & Legal Consultants)

I want to know my organization driver working 13 years basic Dhs.1000/- how can calculating the gratuity how much the total

[QUOTE=Helen Raj;324071]Hi,
Gratuity will be applicable for employees who have completed 5 years of continuous service and above in the same organization.
Formula for calculating gratuity is
((Basic + DA)*15/26)*No. of years of service which includes completion of 6 months of service also.
Regards
M. Helen[/what does 26 meant for?]

hi
I would like to know about the calculation
of gratuity. what is the formula for calculating the gratuity if an employee
compleated 7 year with the organisation
if the monthly salary is 35000 & Basic is 17500
then how much amount of gratuity payble

Dear Friends,
Now the Gratuity limit is increased Rs.10.00,000/-
Previous it was Rs.3,50,000/-

Dear Sachin,
Service period starts from date of joining.
Regards,
R.N.Khola

Hi my query is that we have 3 conditions under eligibility
Eligibility
1. Any person employed on wages/salary.
2. At the time of retirement or resignation or on superannuation, an employee should have rendered continuous service of not less than five years,
3. In case of death or disablement, the gratuity is payable, even if he has not completed 5 years of service.
In our organization we havementioned that on retirement or death gratuity is applicable.... but i have always tried to make mgmt understand that even on resignation after 5 yrs of service gratuity is applicable... m i right in saying so or not????

Hi,
Gratuity will be applicable for employee who has completed 5 yrs of continue service i.e.. in a calander yer he has to work for 240 day (Continues 5 Yrs of serivice)then only he will elgible for gratuity.

Dear Neha,
You are right in saying so.
Regards,
R.N.Khola

Dear Member,
Which of the provision of Payment of Gratuity Act, 1972 says that we are to consider 240 days of working in a calendar year ?
Regards,
R N KHOLA