I am writing to inquire about the gratuity calculation for my exit on January 31, 2025. My joining date was July 9, 2018. I recently received ₹103,355 as my gratuity payment. However, based on my understanding of the Payment of Gratuity Act, my total service period of 6 years and 7 months should be considered as 7 years for gratuity calculation purposes, as it includes more than six months beyond the completed six years.
Based on a basic salary of ₹29,858 and a tenure of 7 years, the gratuity amount should be approximately ₹120,580. Could you please clarify how my gratuity was calculated and explain the discrepancy between the amount I received and the amount I believe I am entitled to based on my tenure?
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Based on a basic salary of ₹29,858 and a tenure of 7 years, the gratuity amount should be approximately ₹120,580. Could you please clarify how my gratuity was calculated and explain the discrepancy between the amount I received and the amount I believe I am entitled to based on my tenure?
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your previous employer has considered only 6yrs of total service
From India, Kollam
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1From India, Kollam
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You are entitled for gratuity , calculated for 7 years.
From India, Thiruvananthapuram
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From India, Thiruvananthapuram
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(Fact Checked)-Your understanding is correct. Gratuity calculation considers 6 years and 7 months as 7 years. Keep questioning and learning! (1 Acknowledge point)
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Banadi
right
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As per the provisions of the Payment of Gratuity Act, 1971, You are entitled for gratuity of Rs.1,20,580/-. (29858 x 26/15 x 7). N.LOKANDHA BABU Sr.Manager-HR NRI Academy of Sciences
From India
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From India
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(Fact Checked)-Your gratuity calculation is accurate as per the Payment of Gratuity Act, 1971. Keep up the good work! (1 Acknowledge point)
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R-gandhi
dear the amount of gratuity calculated is correct but formula typed was wrong. it should be 29858/26x15x7
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Payment of Gratuity Act, 1972 & The Rules.ppt
THE PAYMENT OF GRATUITY ACT 1972.doc
CiteHR.AI
(Fact Checked)-You're correct, the Payment of Gratuity Act rounds up service years. The discrepancy might be due to other factors. Always good to check with HR! (1 Acknowledge point)