For calculation of gratuity the previous years salary is not at all relevant and what is relevant is the last drawn salary. But in respect of piece rated workers, you can take the average wages for the last three months immediately preceding the date of exit is ...

Thanks for your feedback. However I have seen the act on the labour ministry website which gives 190 days flexibility. Below is the link. Is this wrong or is the act subsequently changed ?http://labour.gov.in

Hi all,1\. can u pls tell me the time limit for the payment of gratuity to an employee after being eligible and resigned.2\. i know the max limit for gratituity payment is 10 lakhs, bt in case if the amount is more than the said limit, will it required to pay th...

In Gratuity Scheme gratuity shall be paid after 5 yrs of service, and above 6 months shall be considered as one complete year. So if an employ is leaving a company after completing his 4 yrs and 7 months of service, whether he/she shall be eligible for gratuity ...

Hi Nitish,Gratuity is a Fund which is deposited and maintained with any insurance company (eg. oriental insurance, lic etc).once, an employee completes continuous of Five years of service he shall be paid gratuity as per the formula provided.the company needs to...

Dear sir,as an employer if i dont recieve a gratuity form signed by the employee am i still liable to pay gratuity . also in how many days should the employee fill this form .

Sir, I want to know whether the Gratuity Act is Applicable to all Organisation, our is a firm. How can i know whether the firm is under Gratuity Act. Also Pls. let me know the details of the Gratuity Act. Thanks & regards

Mr.Manoj Kumar as per Gratuity Act employee has to render continuous 5 years service for availing gratuity benefit, but Madras High Court in W.P No-2135 of 1987 decided on 12.06.1996 said that An employee rendering continuous service for a period of 240 days in ...

How To Calculate Current Service Cost in gratuity1\. Number of Empl: 8Average Age : 43.75Average Monthly Salary : 4783.87Average Past Service :192\. Results of ValuationPV of past service benefit : 456967Current Service Cost : 21371Total Service Gratuity : 75929...

Hi,Can any one help me in creating a salary structure for Bangladesh.Like Basic as per Law of Bangla (%), HRA% and any other allowance, like festival, specaial allowance. How much will be the Medical & LTA %.PF & Gratuity .Please mail me on shwethapallavaraju@gm...