Whats is the calculation of Gratuity and Leave salary (15) if Gross Salary of Employee 38500?
From India, Vadodara
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From India, Vadodara
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Dear Parul,
Gratuity is calculated after completion of 5 years of service. It is calculated based on the basic salary. For example, if an employee's basic salary is Rs 25,000 per month and their service period is 5 years, the calculation will be as follows:
Basic salary: Rs 25,000
Daily wage: Rs 25,000 / 26
Gratuity amount: Rs 25,000 / 26 * 15 * 5 = Rs 72,115
Regards,
Pankaj
From India, Haridwar
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2Gratuity is calculated after completion of 5 years of service. It is calculated based on the basic salary. For example, if an employee's basic salary is Rs 25,000 per month and their service period is 5 years, the calculation will be as follows:
Basic salary: Rs 25,000
Daily wage: Rs 25,000 / 26
Gratuity amount: Rs 25,000 / 26 * 15 * 5 = Rs 72,115
Regards,
Pankaj
From India, Haridwar
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Dear sir But how to show gratuity in salary Breakup I have enclosed attachment with this .I dont know what is the formula please help
From India, Vadodara
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From India, Vadodara
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Dear Parul,
In the sheet, the gratuity amount is correctly shown (it will always be 4.81% of the current basic). However, while calculating the leave, I have inserted the formula for 15 days of annual leave for 26 days of monthly working.
Please find attached the corrected sheet. I hope this will serve your purpose.
Fellow members, can shed more light on it.
From India, Delhi
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In the sheet, the gratuity amount is correctly shown (it will always be 4.81% of the current basic). However, while calculating the leave, I have inserted the formula for 15 days of annual leave for 26 days of monthly working.
Please find attached the corrected sheet. I hope this will serve your purpose.
Fellow members, can shed more light on it.
From India, Delhi
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Leave Encashment & Salary Calculation.xls x
Salary calculation.doc