Calculating Gratuity in Case of Death
Hello, guys. How do you calculate gratuity in the event of an employee's death?
Suppose an employee completed 2 years of service and passed away during employment. How much gratuity should be paid to his or her nominee?
His Basic & DA is 15,000/-
Date of Joining: 01/02/2020
Date of Death: 01/10/2021
From India, Bharuch
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1Hello, guys. How do you calculate gratuity in the event of an employee's death?
Suppose an employee completed 2 years of service and passed away during employment. How much gratuity should be paid to his or her nominee?
His Basic & DA is 15,000/-
Date of Joining: 01/02/2020
Date of Death: 01/10/2021
From India, Bharuch
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Gratuity payable in this case can be worked out using the formula (15000/26)X 15X 2) = Rs 17,308 .
From India, Mumbai
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From India, Mumbai
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Compulsory Insurance Under Section 4A of the Gratuity Act
To reduce the burden of this liability and provide additional benefits to employees, companies opt for compulsory insurance under Section 4A of the Gratuity Act. This ensures that in the event of an employee's death, the calculations up to the date of retirement are covered and paid by the relevant insurance company.
From India, Rudarpur
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To reduce the burden of this liability and provide additional benefits to employees, companies opt for compulsory insurance under Section 4A of the Gratuity Act. This ensures that in the event of an employee's death, the calculations up to the date of retirement are covered and paid by the relevant insurance company.
From India, Rudarpur
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Death Gratuity Calculator for W.B.Govt employee.xls
Google's Death Benefit Policy for Employee Family Members.pdf