Dear Sir,
I would like to know whether the various incentives and allowances we receive as part of our pay packet should be included in our average remuneration for the purpose of gratuity calculation. The incentives could come in the form of production incentives, attendance bonuses, housing allowance, and various other allowances. Or is the gratuity calculation only based on basic pay plus DA?
Regards,
dodejarl.
From India, Mumbai
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2I would like to know whether the various incentives and allowances we receive as part of our pay packet should be included in our average remuneration for the purpose of gratuity calculation. The incentives could come in the form of production incentives, attendance bonuses, housing allowance, and various other allowances. Or is the gratuity calculation only based on basic pay plus DA?
Regards,
dodejarl.
From India, Mumbai
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Gratuity is calculated on the last drawn salary of the employee which includes basic salary and dearness allowance only. Regards, Madhu.T.K
From India, Kannur
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From India, Kannur
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dear seniors in gratuity i would like to ask you that is it calculated on last drawn or last three months drawn salary? litle bit confusion in this regard. plese suggest.
From India, Chennai
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From India, Chennai
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Dear Member,
While calculating gratuity under the Payment of Gratuity Act, 1972, we are required to consider the monthly rate of wages last drawn by the employee.
With Regards,
R.N.Khola
From India, Delhi
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While calculating gratuity under the Payment of Gratuity Act, 1972, we are required to consider the monthly rate of wages last drawn by the employee.
With Regards,
R.N.Khola
From India, Delhi
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SALARY SHEET CALCULATION.xls
Salary calculation.doc