After completion of 5 years service additional more than 2 months. Will I get my Gratuity in consolidated Salary. This is my consolidated Salary Rs.11525/- per month.
From India, Mumbai
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From India, Mumbai
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Pl Check out the formula for gratuity. Basic +DA (last drawn salary is taken into a/c) *number of years of completed service *15/26.
From India, Pune
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3180From India, Pune
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Dear friend,
Whenever the salary or wages are a consolidated amount, the entire sum should be taken into account for the calculation of gratuity under the Payment of Gratuity Act, 1972. You are entitled to gratuity for 5 years at your entire consolidated salary drawn in the last month of your service.
From India, Salem
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Whenever the salary or wages are a consolidated amount, the entire sum should be taken into account for the calculation of gratuity under the Payment of Gratuity Act, 1972. You are entitled to gratuity for 5 years at your entire consolidated salary drawn in the last month of your service.
From India, Salem
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Further to the advice received from the learned members, please be informed that the amount will be for 5 years as of now unless you are still in employment for more than 6 months in the calendar year. In that case, it will be considered as one year. Essentially, you need to meet the first criterion of 5 years to be eligible for gratuity. Any portion of the year that exceeds 6 months in the last year of service will be counted as one year. For example, if you work for 5 years and 6+ months in the 6th year, it will be considered as 6 years of gratuity.
Thanks and Regards
From India, Hyderabad
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Thanks and Regards
From India, Hyderabad
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you are entitile for payment of gratuity but calculation should be on Basic+DA instead of gross salary. Thanks & Regards, From, Sumit Kumar Saxena
From India, Ghaziabad
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From India, Ghaziabad
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Yes, you are eligible for gratuity, provided you should quit your job. It's a terminal benefit and payable only when an employee leaves the service after completing continuous 5 years' service with the same employer. It's not payable every month even after completion of 5 years.
From India, Bangalore
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From India, Bangalore
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Less than 5 years service - Eligibility for payment of gratuity.pdf
SALARY SHEET CALCULATION.xls
Salary calculation.doc