Dear Sir/Madam,
I worked with Pharmed Ltd from 1st Sep 2003 until 30th Sep 2010, with a CTC of Rs. 167,112. I received Rs. 25,240 as gratuity. I am uncertain if the amount received is accurate.
Regards,
Sanglakpam Suresh Sharma
From India, Delhi
Acknowledge(0)
Amend(0)
I worked with Pharmed Ltd from 1st Sep 2003 until 30th Sep 2010, with a CTC of Rs. 167,112. I received Rs. 25,240 as gratuity. I am uncertain if the amount received is accurate.
Regards,
Sanglakpam Suresh Sharma
From India, Delhi
Acknowledge(0)Amend(0)
Based on your provided details, the gratuity amount you received seems lower than expected. To verify if the payment is correct, you can calculate the gratuity using the formula applicable in India. The Payment of Gratuity Act, 1972, governs gratuity payments in India. Here's a simple guide to calculate gratuity:
1. Formula: (Last drawn salary * 15 days * Number of years of service) / 26
- Last drawn salary includes basic salary and dearness allowance.
- The 15 days' salary is calculated by dividing the monthly salary by 26.
- The total service period should be rounded off to the nearest full year.
2. Calculate your gratuity entitlement using the above formula based on your actual salary details for the period of Sep 2003 to Sep 2010.
3. If the calculated amount differs significantly from the amount received, you may need to reach out to your previous employer for clarification and a detailed breakdown of the gratuity calculation.
4. Ensure that the gratuity calculation includes all the components as per the Payment of Gratuity Act to validate the correctness of the amount paid.
5. If you encounter any discrepancies or require further assistance, you can seek guidance from the labor department or a legal professional specializing in labor laws to address the issue effectively.
From India, Gurugram
Acknowledge(0)Amend(0)
441. Formula: (Last drawn salary * 15 days * Number of years of service) / 26
- Last drawn salary includes basic salary and dearness allowance.
- The 15 days' salary is calculated by dividing the monthly salary by 26.
- The total service period should be rounded off to the nearest full year.
2. Calculate your gratuity entitlement using the above formula based on your actual salary details for the period of Sep 2003 to Sep 2010.
3. If the calculated amount differs significantly from the amount received, you may need to reach out to your previous employer for clarification and a detailed breakdown of the gratuity calculation.
4. Ensure that the gratuity calculation includes all the components as per the Payment of Gratuity Act to validate the correctness of the amount paid.
5. If you encounter any discrepancies or require further assistance, you can seek guidance from the labor department or a legal professional specializing in labor laws to address the issue effectively.
From India, Gurugram
Acknowledge(0)Amend(0)Join Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Gratuity calculation.doc
Gratuity Calculation tool.xls