Hi,Friends, I want to know the gratuity calculation and eligible time for getting gratuity. Please help me.
From India, Mumbai
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4From India, Mumbai
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Gratuity Eligibility and Calculation
Minimum eligibility to get gratuity is 5 years. In the case of permanent employees, for the preceding 12 months, there should be a minimum attendance of:
- 190 days:
- For those who work in mines
- For those who work less than 6 days a week
- 240 days in other cases.
For gratuity calculation, the service will be rounded to full years. For this purpose, a fraction of more than 6 months will be rounded up to one year, and up to 6 months will be rounded down.
The formula to calculate gratuity is: service x salary x 15/26. The ceiling limit is Rs. 10,00,000.
Regards,
Abbas.P.S
From India, Bangalore
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Minimum eligibility to get gratuity is 5 years. In the case of permanent employees, for the preceding 12 months, there should be a minimum attendance of:
- 190 days:
- For those who work in mines
- For those who work less than 6 days a week
- 240 days in other cases.
For gratuity calculation, the service will be rounded to full years. For this purpose, a fraction of more than 6 months will be rounded up to one year, and up to 6 months will be rounded down.
The formula to calculate gratuity is: service x salary x 15/26. The ceiling limit is Rs. 10,00,000.
Regards,
Abbas.P.S
From India, Bangalore
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