Hi All, My question is with reference to the formula stated above- W x Y x 15/26. The 15 days salary is the gross salary or net salary that we are talking about? Or its Basic+DA? Thanks
From India, Calcutta
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From India, Calcutta
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Gratuity Calculation
Gratuity calculation is as follows: {(Basic + DA) / 26} x 15 x Number of completed years of service and 6 months for any excess part thereof. The gratuity is subject to a maximum ceiling of Rs. 10 lakh and is payable upon superannuation, resignation, retirement, death, or disablement. Eligibility requires at least 5 years of service; however, a recent judgment indicates that 4 months and 240 days are sufficient for claiming gratuity.
From India, Patna
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3Gratuity calculation is as follows: {(Basic + DA) / 26} x 15 x Number of completed years of service and 6 months for any excess part thereof. The gratuity is subject to a maximum ceiling of Rs. 10 lakh and is payable upon superannuation, resignation, retirement, death, or disablement. Eligibility requires at least 5 years of service; however, a recent judgment indicates that 4 months and 240 days are sufficient for claiming gratuity.
From India, Patna
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Period of training shall be counted for the calculation of gratuity-HIGH COURT JUDGMENT.doc