Dear All HR professionals,
Greetings
NEED TO CLARIFY ONE DOUBT ABOUT GRATUITY CALCULATION
EVERY YEAR I AM GETTING AN INCREMENT AND MY BASIC IS CHANGED FROM THE YEAR I JOINED TO THE 5TH YEAR .
NOW WHETHER GRATUITY WILL BE CALCULATED SEPERATELY FOR EACH YEAR AS PER THE BASIC AND CONSOLIDATE THE FIGURE OR
DIRECTLY THE 5TH YEAR BASIC WILL BE APPLICABLE FOR BELOW CALCULATION
Gratuity = (Last drawn salary / 26) x 15 x Number of years of service
IS THEIR ANY OFFICIAL ( GOVERNMENT ) DOCUMENT AVAILABLE CLARIFYING THIS CALCULATION? IF SO PLEASE PROVIDE THE SAME TO THE FORUM.
please reply
Thanks & Regards
James Mathew
From India, Bangalore
Greetings
NEED TO CLARIFY ONE DOUBT ABOUT GRATUITY CALCULATION
EVERY YEAR I AM GETTING AN INCREMENT AND MY BASIC IS CHANGED FROM THE YEAR I JOINED TO THE 5TH YEAR .
NOW WHETHER GRATUITY WILL BE CALCULATED SEPERATELY FOR EACH YEAR AS PER THE BASIC AND CONSOLIDATE THE FIGURE OR
DIRECTLY THE 5TH YEAR BASIC WILL BE APPLICABLE FOR BELOW CALCULATION
Gratuity = (Last drawn salary / 26) x 15 x Number of years of service
IS THEIR ANY OFFICIAL ( GOVERNMENT ) DOCUMENT AVAILABLE CLARIFYING THIS CALCULATION? IF SO PLEASE PROVIDE THE SAME TO THE FORUM.
please reply
Thanks & Regards
James Mathew
From India, Bangalore
Dear Mr.Saurav Verma and others
Please see the link https://www.citehr.com/394224-gratui...y-payment.html
With regards
From India, Madras
169Please see the link https://www.citehr.com/394224-gratui...y-payment.html
With regards
From India, Madras
Dear sir,
I would like to know regarding gratuity i.e. what is the minimum and maximum limit for payment of gratuity,suppose an emloyee his salary is 1500 ,his continious service is more than 5 year and another an employee he is getting 2.5 lakhs pm salary .let me please clear who is eligible for payment of gratuity.
From India, Bhubaneswar
I would like to know regarding gratuity i.e. what is the minimum and maximum limit for payment of gratuity,suppose an emloyee his salary is 1500 ,his continious service is more than 5 year and another an employee he is getting 2.5 lakhs pm salary .let me please clear who is eligible for payment of gratuity.
From India, Bhubaneswar
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Gratuity calculation.doc
Gratuity Calculation tool.xls