Hi everyone... I made a small, concise ppt on Gratuity Act....Plz do have a look... Reagrds, Zara
From India, Pune
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12From India, Pune
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Gratuity calculation is added but one was missed out.
The formula for calculating gratuity is as follows:
Last drawn per month wage x 15 / 26 x Number of years of completed service
It appears that the number of years of completed service was missed out in the calculation.
Thank you,
Ram
Website: http://nicheitjobs.googlepages.com
From India, Madras
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The formula for calculating gratuity is as follows:
Last drawn per month wage x 15 / 26 x Number of years of completed service
It appears that the number of years of completed service was missed out in the calculation.
Thank you,
Ram
Website: http://nicheitjobs.googlepages.com
From India, Madras
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Dear i want to know the meaning of Last rate of basic wages*15/26 (what is the meaning of 26). Raj
From India, Gurgaon
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From India, Gurgaon
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hai raj, 26 means deducting the holidays in a month i.e 4 sunday a month and as per law employers is liability to pay 15 days salary. Regards Deepa
From India, Mumbai
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From India, Mumbai
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Hi Zara / Ram, I guess u still are missing something in the Formula : If I am not wrong we have DA as well in the calculation for Gratuity. any Comments ??? Regards, Roopak
From India, Gurgaon
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From India, Gurgaon
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Gratuity Act-Teachers-Ma dhya Pradesh.docx