Anonymous
Hello All, I would would like to how are wages calculated in Gratuity. I got this formula from the internet..
Gratuity = Last drawn wages × 15/26 × Completed years of Service (including a part of year in excess of six months)
The company where I am working is an ID company. I would really want to know what exactly wages means and on what basis.
Please advice!!

From India, Mumbai
Ashutosh Thakre
273

Wages means Basic Salary... Take the Basic Salary for calculation of the Gratuity.
From India, Mumbai
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