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can anybody tell me about the calculation of Gratuity:wacko: Regards Ashok
From India , Delhi
From India , Delhi
Entitlement : anyone who has completed 5 years in the establishment.
After 5 years, upto 6 months should be counted as previous year and after 6 months to be counted as next year. For eg. 7years 4 months to be counted as 7 years and 7 years 9months to be counted as 8 years.
Calculation: 15 days of Salary entitlement for each completed year of service.
Hope this helps you
From India , Mumbai
After 5 years, upto 6 months should be counted as previous year and after 6 months to be counted as next year. For eg. 7years 4 months to be counted as 7 years and 7 years 9months to be counted as 8 years.
Calculation: 15 days of Salary entitlement for each completed year of service.
Hope this helps you
From India , Mumbai
Anyone (Employee) who completes 5 years of continuous service in the establishment is entitles for Gratuity as per the Gratuity Act,1972.
After completion 5 years, upto 6 months should be counted as previous year and after 6 months to be counted as next year. For eg. 6 years 5 months to be counted as 6 years and 6 years 8 months to be counted as 8 years.
Calculation: 15 days of Salary entitlement for each completed year of service which is calculated as 15/26 X Basic=DA XNo.of years of service.(while calculating the Gratuity we take 26 days only in the month)
For Ex: If anybody completes 6 yeras of service and his Basic+DA is Rs. 5000/-
15/26X5000X5 =
Hope this helps you
Anyone (Employee) who completes 5 years of continuous service in the establishment is entitles for Gratuity as per the Gratuity Act,1972.
After completion 5 years, upto 6 months should be counted as previous year and after 6 months to be counted as next year. For eg. 6 years 5 months to be counted as 6 years and 6 years 8 months to be counted as 8 years.
Calculation: 15 days of Salary entitlement for each completed year of service which is calculated as 15/26 X Basic=DA XNo.of years of service.(while calculating the Gratuity we take 26 days only in the month)
For Ex: If anybody completes 6 yeras of service and his Basic+DA is Rs. 5000/-
15/26X5000X6 =Rs.17308
Hope this clears you about Gratuity.
ThanQ
From India , Hyderabad
After completion 5 years, upto 6 months should be counted as previous year and after 6 months to be counted as next year. For eg. 6 years 5 months to be counted as 6 years and 6 years 8 months to be counted as 8 years.
Calculation: 15 days of Salary entitlement for each completed year of service which is calculated as 15/26 X Basic=DA XNo.of years of service.(while calculating the Gratuity we take 26 days only in the month)
For Ex: If anybody completes 6 yeras of service and his Basic+DA is Rs. 5000/-
15/26X5000X5 =
Hope this helps you
Anyone (Employee) who completes 5 years of continuous service in the establishment is entitles for Gratuity as per the Gratuity Act,1972.
After completion 5 years, upto 6 months should be counted as previous year and after 6 months to be counted as next year. For eg. 6 years 5 months to be counted as 6 years and 6 years 8 months to be counted as 8 years.
Calculation: 15 days of Salary entitlement for each completed year of service which is calculated as 15/26 X Basic=DA XNo.of years of service.(while calculating the Gratuity we take 26 days only in the month)
For Ex: If anybody completes 6 yeras of service and his Basic+DA is Rs. 5000/-
15/26X5000X6 =Rs.17308
Hope this clears you about Gratuity.
ThanQ
From India , Hyderabad
What are the calculation for gratuity if someone’s Joining Date is 01-10-2001 & Resignation date 01-09-2008. Please help, calculate complete gratuity. PARESH
From India , Ahmadabad
From India , Ahmadabad
There is not any boundation on company that company will pay gratuity only after completion of 5 years if it wants it can pay before 5 years but the same can be happened only if the Company have thier own trust.
other wise the gratuity will be paid as per the Gratuity Act 1965.
your's friend
Rahul Bhardwaj
From India , Delhi
other wise the gratuity will be paid as per the Gratuity Act 1965.
your's friend
Rahul Bhardwaj
From India , Delhi
Hi,
Anyone (Employee) who completes 5 years of continuous service in the establishment is entitles for Gratuity as per the Gratuity Act,1972.
After completion 5 years, upto 6 months should be counted as previous year and after 6 months to be counted as next year. For eg. 6 years 5 months to be counted as 6 years and 6 years 8 months to be counted as 8 years.
Calculation: Last month drawn salary*15/26*No. of Yrs Service
From India , Madras
Anyone (Employee) who completes 5 years of continuous service in the establishment is entitles for Gratuity as per the Gratuity Act,1972.
After completion 5 years, upto 6 months should be counted as previous year and after 6 months to be counted as next year. For eg. 6 years 5 months to be counted as 6 years and 6 years 8 months to be counted as 8 years.
Calculation: Last month drawn salary*15/26*No. of Yrs Service
From India , Madras
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