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can anybody tell me about the calculation of Gratuity:wacko: Regards Ashok
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
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
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
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
I want to confirm one thing, If company wants then it can provide gratuity after 3 years as well. Kindly confirm if its true?? :confused:
Thanks in advance.
Prabhjot S. Kashyap
<link outdated-removed>
Thanks in advance.
Prabhjot S. Kashyap
<link outdated-removed>
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
dear paresh
date of joining 01-10-2001 and resignation date 01-09-2008
total 6 years and 10 months, so gratuity calculate 7 years
dear paresh
total years 6 and 9 months
so gratuity payable 7 years
navi
date of joining 01-10-2001 and resignation date 01-09-2008
total 6 years and 10 months, so gratuity calculate 7 years
dear paresh
total years 6 and 9 months
so gratuity payable 7 years
navi
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
other wise the gratuity will be paid as per the Gratuity Act 1965.
your's friend
Rahul Bhardwaj
It is entirely left on company’s discretion to give gratuity to anyone regardless of the ceiling on wages or number of years worked. But they cannnot deprive anyone legally entitled to it.
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
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
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Listed Under labour commissioner City-India-Delhi gratuity act 1972 gratuity fund payment of gratuity act employee leaves gratuity scheme calculation of gratuity establishment gratuity act termination of employment employee salary payslip format payment of gratuity Country-India
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