Hi, I just want to ask how to calculate full and final settlemnt including gratuity,annual leave and others for 3yrs. Thanks
From United Arab Emirates, Dubai
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From United Arab Emirates, Dubai
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Please send data means,salary break up, leave days date of joining,date of resignation,date of leaveing,bouns details e.t.c
From India, Delhi
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7From India, Delhi
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Hi,
I joined the company on January 24, 2009, and my last day will be February 20, 2012. I receive a basic salary of $1500, $800 for housing, and a $200 transportation allowance. How can I compute my settlement, and am I entitled to payment for 10 days per year?
Thank you very much.
From United Arab Emirates, Dubai
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I joined the company on January 24, 2009, and my last day will be February 20, 2012. I receive a basic salary of $1500, $800 for housing, and a $200 transportation allowance. How can I compute my settlement, and am I entitled to payment for 10 days per year?
Thank you very much.
From United Arab Emirates, Dubai
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Hi,
If your basic salary is only $1500, then the leave calculation would be 10 days.
$1500/30 * 10 = $500
For LTC, the formula is $1500/365 * (number of present days applicable for the year).
For Medical, the calculation is $1500/365 * number of present days.
In the case of Gratuity, the formula is (Basic + DA + VDA) / 26 X 15 X number of service years (which is 3 years).
From India, Pune
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If your basic salary is only $1500, then the leave calculation would be 10 days.
$1500/30 * 10 = $500
For LTC, the formula is $1500/365 * (number of present days applicable for the year).
For Medical, the calculation is $1500/365 * number of present days.
In the case of Gratuity, the formula is (Basic + DA + VDA) / 26 X 15 X number of service years (which is 3 years).
From India, Pune
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Dear Ramesh,
Please find the following bonus, LTA, and medical calculation.
BONUS
Bonus = Monthly Basic + DA + VDA * min (8.33%) or as per your company's fixed percentage rule.
i.e. = 10000 * 8.33% = 833
If your company has a locked bonus (for example, Bonus is 9900/- p.a.):
If basic + DA + VDA is more than 3500, then take only 3500; if less than 3500, take the actual amount.
Maximum Lock Amount = 3500 * 8.33% = Rs. 292.00
Suppose your company bonus is fixed at 25%, then 3500 * 25% = Rs. 875.00
LTA & MEDICAL
(Basic + DA + VDA) / (number of year day 365 * present days)
Example: (Basic + DA + VDA is 5000 / 365) * Monthly present days (30) = Rs. 411
LTA = 411
MEDICAL also = 411
Anil Jadhav
HR
From India, Pune
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Please find the following bonus, LTA, and medical calculation.
BONUS
Bonus = Monthly Basic + DA + VDA * min (8.33%) or as per your company's fixed percentage rule.
i.e. = 10000 * 8.33% = 833
If your company has a locked bonus (for example, Bonus is 9900/- p.a.):
If basic + DA + VDA is more than 3500, then take only 3500; if less than 3500, take the actual amount.
Maximum Lock Amount = 3500 * 8.33% = Rs. 292.00
Suppose your company bonus is fixed at 25%, then 3500 * 25% = Rs. 875.00
LTA & MEDICAL
(Basic + DA + VDA) / (number of year day 365 * present days)
Example: (Basic + DA + VDA is 5000 / 365) * Monthly present days (30) = Rs. 411
LTA = 411
MEDICAL also = 411
Anil Jadhav
HR
From India, Pune
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Hi Sir,
I have worked for an MNC for 4 years. I am attaching the Salary structure. Can you help me in calculating what would be my exact F & F sheet?
- Basic: $141,818
- HRA: $70,909
- Conveyance: $9,600
- Medical Allowance: $15,000
- PF (Employer Contribution): $17,081
- Special Allowance: $100,200
- Total Fixed Remuneration: $354,545
Result Bonus: $35,455 (Up to 10% of Total Fixed Remuneration)
Cost To Company: $390,000
Thank you for your assistance.
From India, Delhi
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I have worked for an MNC for 4 years. I am attaching the Salary structure. Can you help me in calculating what would be my exact F & F sheet?
- Basic: $141,818
- HRA: $70,909
- Conveyance: $9,600
- Medical Allowance: $15,000
- PF (Employer Contribution): $17,081
- Special Allowance: $100,200
- Total Fixed Remuneration: $354,545
Result Bonus: $35,455 (Up to 10% of Total Fixed Remuneration)
Cost To Company: $390,000
Thank you for your assistance.
From India, Delhi
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Hi, Sir. I have worked for an MNC for 4 years. I am attaching the salary structure. Can you help me in calculating what would be my exact F&F sheet?
Basic: 141,818
HRA: 70,909
Conveyance: 9,600
Medical Allowance: 15,000
PF (Employer Contribution): 17,081
Special Allowance: 100,200
Total Fixed Remuneration: 354,545
Result Bonus: 35,455 (Up to 10% of Total Fixed Remuneration)
Cost To Company: 390,000
Date of Joining: Oct 2007 - 4th May 2012
From India, Delhi
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Basic: 141,818
HRA: 70,909
Conveyance: 9,600
Medical Allowance: 15,000
PF (Employer Contribution): 17,081
Special Allowance: 100,200
Total Fixed Remuneration: 354,545
Result Bonus: 35,455 (Up to 10% of Total Fixed Remuneration)
Cost To Company: 390,000
Date of Joining: Oct 2007 - 4th May 2012
From India, Delhi
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Full n final settlement.doc