Dear All You are requested to aware me the gratuity calculation. Gratuity calculation is on which aspect : Basic or Gross or in what % it is calculated.
From India
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2From India
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Gratuity Calculation Details
Gratuity is payable on completion of 5 years of service at 15 days' pay for every completed year of service. If a person has not worked for 240 days in any year, then they will not be entitled to gratuity for that year. The calculation will be as follows:
((Monthly Basic/26) x No. of years of service x 15)
Regards,
Rajendra Bhavsar
Manager (P&A)
Afcons Infrastructure Limited
CMRL Project, Chennai
[Phone Number Removed For Privacy Reasons]
From India, Mumbai
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Gratuity is payable on completion of 5 years of service at 15 days' pay for every completed year of service. If a person has not worked for 240 days in any year, then they will not be entitled to gratuity for that year. The calculation will be as follows:
((Monthly Basic/26) x No. of years of service x 15)
Regards,
Rajendra Bhavsar
Manager (P&A)
Afcons Infrastructure Limited
CMRL Project, Chennai
[Phone Number Removed For Privacy Reasons]
From India, Mumbai
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Gratuity calculation.doc
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