Hi, I resigned from my services. I was working in the position of personal secretary to the Executive Director. I joined the company on 01/05/2001 and resigned on 31/05/2017, completing a total of 16 years of service.
Gratuity Calculation
My basic salary is Rs. 15,570/- and DA is Rs. 375. Therefore, I calculated my gratuity as follows:
15,570 + 375 = 15,945 x 15 x 16 / 26 = Rs. 1,47,184 would be my gratuity amount. However, I received a cheque for Rs. 1,29,360/- only. When I inquired with my accounts department, they mentioned that they are using this particular calculation method.
Clarification Needed
So, my question is, should I ask them for the formula they utilized in the calculation? Are there different formulas for calculating gratuity other than the one I have used?
Could someone please guide me? I require clarification.
From India, Kolkata
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1Gratuity Calculation
My basic salary is Rs. 15,570/- and DA is Rs. 375. Therefore, I calculated my gratuity as follows:
15,570 + 375 = 15,945 x 15 x 16 / 26 = Rs. 1,47,184 would be my gratuity amount. However, I received a cheque for Rs. 1,29,360/- only. When I inquired with my accounts department, they mentioned that they are using this particular calculation method.
Clarification Needed
So, my question is, should I ask them for the formula they utilized in the calculation? Are there different formulas for calculating gratuity other than the one I have used?
Could someone please guide me? I require clarification.
From India, Kolkata
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Payment of Gratuity Act, 1972 & The Rules.ppt
THE PAYMENT OF GRATUITY ACT 1972.doc