hi Sir, i want to know basic condition of calculation of graduity and how to calculate Thanks Swapnil
From India, Mumbai
Acknowledge(0)
Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
Dear Swapnil,
Please go through section 4 of the Gratuity Act, 1972 for your query.
With Regards,
R.N.Khola
From India, Delhi
Acknowledge(0)Amend(0)
424Please go through section 4 of the Gratuity Act, 1972 for your query.
With Regards,
R.N.Khola
From India, Delhi
Acknowledge(0)Amend(0)
Gratuity Payment Calculation Procedure
This is the calculation procedure for gratuity payment as laid down in Section 4(2) explanation, which may be read as follows. For more details, please go through Section 4 of this Act.
Section 4(2) Explanation
In the case of a monthly-rated employee, the fifteen days' wages shall be calculated by dividing the monthly rate of wages last drawn by him by twenty-six and multiplying the quotient by fifteen.
With Regards,
R.N. Khola | LL & IR |
Skylark Associates | Gurgaon | Haryana |
Welcome Skylark Associates
From India, Delhi
Acknowledge(0)Amend(0)
This is the calculation procedure for gratuity payment as laid down in Section 4(2) explanation, which may be read as follows. For more details, please go through Section 4 of this Act.
Section 4(2) Explanation
In the case of a monthly-rated employee, the fifteen days' wages shall be calculated by dividing the monthly rate of wages last drawn by him by twenty-six and multiplying the quotient by fifteen.
With Regards,
R.N. Khola | LL & IR |
Skylark Associates | Gurgaon | Haryana |
Welcome Skylark Associates
From India, Delhi
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
TAMIMI LAbor LAw.pdf
Gratuity calculation.doc