The formula for calculating gratuity is ( Basic*DA)*15* No of years of service/ 26. What is this 26 in the formula. Can anyone please help me with that? Thank you, Akshara
From India, Mumbai
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From India, Mumbai
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Dear Akshara, The formula is ((((Basic + DA)/26)*15)*no of years of service). Ok and 26 is no of days in a month. You do not consider OFF days. Regards, Viraj
From India, Pune
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43From India, Pune
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Dear Akshara Please first of all refer Payment of Gratuity Act. You can find a lot of information whatever you want. With warm regards S. Bhaskar 9099024667
From India, Kumbakonam
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From India, Kumbakonam
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Dear Akshara, Calculation for Gratuity Act: Last Drawn Basic+DA/26*15* No of years of Service. As per Gratuity Amendment Act 2010 the maximum ceiling to get Gratuity is 10, 00,000. Regards, Lawrence
From India, Madras
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From India, Madras
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Payment of Gratuity Amendment Act 2009.doc
PAYMENT OF GRATUITY AMENDMENT ACT 2010.pdf