Hello!
I am just wondering about Gratuity Calculators and formulas mentioned in various sections here. There is mention of Basic + D.A for the calculation of Gratuity. I would like to know if Grade Pay should be included in the calculation or excluded. Also, is the cap at 3.5 lakhs still applicable, or has it been revised to 10 lakhs?
I would highly appreciate a response to this query.
Regards
From India, Patna
Acknowledge(0)
Amend(0)
1I am just wondering about Gratuity Calculators and formulas mentioned in various sections here. There is mention of Basic + D.A for the calculation of Gratuity. I would like to know if Grade Pay should be included in the calculation or excluded. Also, is the cap at 3.5 lakhs still applicable, or has it been revised to 10 lakhs?
I would highly appreciate a response to this query.
Regards
From India, Patna
Acknowledge(0)Amend(0)
Hi, The actual calculation is of Basic( for 15 days) * No. of yrs employement . Regards, Vinay
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
The calculation of Gratuity is as follows: (BASIC + DA) / 26, THEN MULTIPLIED BY 15, AND THEN MULTIPLIED BY THE NUMBER OF YEARS OF SERVICE. When calculating the number of years of service, it should be kept in mind that any excess of 6 months should be rounded off. The ceiling is still 3.5 lakh.
Sudipta Chaudhuri
From India, Calcutta
Acknowledge(1)Amend(0)
Sudipta Chaudhuri
From India, Calcutta
Acknowledge(1)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.
SBT Vs Asst. Labour Commissioner- Gratuity dismissed employee-LTS.PD F
Gratuity calculation.doc