Dear Sir,I am interesed to know how to calculae the gratuity of an employee who retires after completing more than 20 years service withou any brek. Sunita Tyagi
From India, Delhi
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From India, Delhi
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Dear Sunita,
The calculation is the same irrespective of the number of years of service.
CALCULATION
Number of years of service * 15 * (BASIC + DA) / 26
It means BASIC + DA is to be divided by 26, then multiplied by the number of years of service, and finally multiplied by 15.
Thanks,
J. S. Malik
From India, Delhi
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174The calculation is the same irrespective of the number of years of service.
CALCULATION
Number of years of service * 15 * (BASIC + DA) / 26
It means BASIC + DA is to be divided by 26, then multiplied by the number of years of service, and finally multiplied by 15.
Thanks,
J. S. Malik
From India, Delhi
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Please find attached the copies of gratuity, TDS, Salary calculation. Happy Diwali you and your family....
From India, Delhi
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From India, Delhi
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HI Ramesh here I want to need draft of written warning of employee.(misues of office property) please replay Ramesh HR 9945572100:icon10:
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Hi Sunita G,
Mr. J.S. Malik is correct, but let me clarify one point here: you can't pay a maximum gratuity amount of Rs. 3,50,000/-.
Suppose, according to the calculation (Basic/26 X 15 X number of years of service = Rs. 3,55,000/-). As per the law, you can only pay Rs. 3,50,000/- to the employee. You are not entitled to pay any other amount to a retired employee.
Regards,
Manoj Kumar
From India, Delhi
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Mr. J.S. Malik is correct, but let me clarify one point here: you can't pay a maximum gratuity amount of Rs. 3,50,000/-.
Suppose, according to the calculation (Basic/26 X 15 X number of years of service = Rs. 3,55,000/-). As per the law, you can only pay Rs. 3,50,000/- to the employee. You are not entitled to pay any other amount to a retired employee.
Regards,
Manoj Kumar
From India, Delhi
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