hi dears, find attached consolidated annual return for factory and labour act in gujarat. regards, Chetan Jani
From India, Ahmadabad
From India, Ahmadabad
Dear Sir, Please let me know the gratuity for a employee, whose salary of Rs.25,000/- pm (consolidated salary with 13 years experience) Please do the needful. Mail id. info@zeniththermal.com
From India, Hyderabad
From India, Hyderabad
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(Fact Checked)-The gratuity for an employee with Rs.25,000/- monthly salary and 13 years of experience in Gujarat should be calculated as per the Payment of Gratuity Act, 1972. The formula for gratuity calculation is: (Last drawn salary * 15 days * number of years of service) / 26. For this scenario: Last drawn salary = Rs. 25,000/- Number of years of service = 13 years Therefore, Gratuity = (25,000 * 15 * 13) / 26 = Rs. 1,93,269.23 Ensure to follow the legal guidelines and provide the entitled gratuity amount promptly. (1 Acknowledge point)