Do private company pay "Gratuity" ? I’ve heard only in the government jobs but never heard in any private companies.
From India, Noida
2From India, Noida
I would like to know the present formulae to calculate the gratuity applicable to an employee, worked for ten years, for a self-financing college, run by a trust, in coimbatore, tamilnadu
From India, Coimbatore
From India, Coimbatore
If suppose total working of an employee is 5 years and 8 months so what will be the actual year will be taken i.e. 5 yrs as completed years or 6 years as a round off..???? kindly help
From India, New Delhi
From India, New Delhi
Sir,
I want to purchase consolidated book for more details about Payment of Gratuity Act, Bonus Act, Leave rules, Wages Act and Rules, PF , ESI etc in details.
Please help and oblige & clear the address.
Regards,
Ashraf
8009002555
From India, Jaipur
I want to purchase consolidated book for more details about Payment of Gratuity Act, Bonus Act, Leave rules, Wages Act and Rules, PF , ESI etc in details.
Please help and oblige & clear the address.
Regards,
Ashraf
8009002555
From India, Jaipur
Well, Gratuity amount is limited to 10 lacs but there’s no salary limit defined for the eligibility for gratuity.
From India, Lucknow
From India, Lucknow
Thanks for your quick response to my query with respect gratuity formula.
I would like to know the formula as per labour rules to be followed for the encashment of non-availed earned leave. I have worked for a
Trust in Coimbatore, Tamilnadu.
Once again thanks
Regards
Raman
From India, Coimbatore
I would like to know the formula as per labour rules to be followed for the encashment of non-availed earned leave. I have worked for a
Trust in Coimbatore, Tamilnadu.
Once again thanks
Regards
Raman
From India, Coimbatore
Gratuity is calculated on last drawn salary (Basic), formula is last basic+da/26days*15days*number of years completed=gratuity.
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Dear All
DA Means Dearness allowance.
In my concern Basic is Rs.6500/- but there is no information of Dearness allowance in Appoinment Letter and Payslip also
If there is no dear ness allowance for me, so what is calculation
basic/26days*15days*number of years completed=gratuity.(is it correct)
Why 26 day & 15days in formula
My Gratuity Contribution is Rs.312/- for the month.
Waiting for your Reply Seniors
From Czech Republic, Prague
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Dear All
DA Means Dearness allowance.
In my concern Basic is Rs.6500/- but there is no information of Dearness allowance in Appoinment Letter and Payslip also
If there is no dear ness allowance for me, so what is calculation
basic/26days*15days*number of years completed=gratuity.(is it correct)
Why 26 day & 15days in formula
My Gratuity Contribution is Rs.312/- for the month.
Waiting for your Reply Seniors
From Czech Republic, Prague
Dear Bunti Please note that the maximum gratuity amount is 10 lakhs. Manokavi
From India, Coimbatore
From India, Coimbatore
Dear Vinoth,
26days counted as working days in a month means if you divide your last basic+da by 26 days then you will get one day salary and as per gratuity act per year you get 15days salary means you can calculate like your basic+DA/26=one day gratuity then multiplied by 15days then you get one year gratuity and then multiplied by whatever number of years you have completed of your service
From India, Pune
26days counted as working days in a month means if you divide your last basic+da by 26 days then you will get one day salary and as per gratuity act per year you get 15days salary means you can calculate like your basic+DA/26=one day gratuity then multiplied by 15days then you get one year gratuity and then multiplied by whatever number of years you have completed of your service
From India, Pune
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FORM-F-NOMINATI ON OF GRATUITY.pdf
Gratuity Form I.doc