i am working with a private company in JAFZA since may 2005. Now i got termination letter (the notice period of 30days) i will complete 6years and 4 months..my question is ,how is my gratuity calculations if my basic salary is 5000, how much amount i can receive as the gratuity?
..please help me in this regards
From United Arab Emirates, Dubai
..please help me in this regards
From United Arab Emirates, Dubai
The formula of calculating Gratuity amount is as follows:
Last drawn salary x No.of years served x 15 divided by 26
Accordingly solution to your query is :
5000 x 6years x 15 /26 = 17308
Your amount of Gratuity is 17308.
From India, Madras
63Last drawn salary x No.of years served x 15 divided by 26
Accordingly solution to your query is :
5000 x 6years x 15 /26 = 17308
Your amount of Gratuity is 17308.
From India, Madras
for your company the payment of Gratuity act is not applicable: then the calculation is : (Preceding 10 month salary/10)*15/30* total service years.
From India, Mumbai
From India, Mumbai
hi Ramachandram in your calculation you calculated for 6 years onely then what about 4 months. we should consider 4 months are we shoud take 6 years onely
From India, Hyderabad
From India, Hyderabad
The formula for calculating of gratuity is:
Basic + D.A * 15/26 * no.of years in service.
first of tell me that what is last basic salary at the time when you leave the company.
give me the exactly details so that i can help you.
regards
neha
From India, Delhi
Basic + D.A * 15/26 * no.of years in service.
first of tell me that what is last basic salary at the time when you leave the company.
give me the exactly details so that i can help you.
regards
neha
From India, Delhi
yes please give me full details of your salary. than i will help. plz give me the following information Basic DA VDA FDA at the time of left service
From India, Visakhapatnam
From India, Visakhapatnam
Formula for gratuity calculation is (basic*4.8%)*12= a then a*6= your gratuity amount calculation of 4.8% is:-15/312*100=4.8% ex:5000*4.8%=240 240*12=2880 2880*6=17280 will be your gratuity amount
From India, Faridabad
From India, Faridabad
For purposes of calculating payable Gratuity, period of 6 months or more is taken into consideration and treated as if the employee has worked for one full year. This applies only after he/she completes the qualifying criteria of working for a continuous period of 5 years in the organization.
In the present case our friend has worked for a period of 6 years and 4 months. Therefore he will be entitled for Gratuity for 6 years only.
The amount so calculated assuming the salary is Rs.5000/- would be:
5000/26x15x6= Rs.17308
I hope I have asnwered your query to your staisfcation.
Best Wishes,
Vasant Nair
From India, Mumbai
In the present case our friend has worked for a period of 6 years and 4 months. Therefore he will be entitled for Gratuity for 6 years only.
The amount so calculated assuming the salary is Rs.5000/- would be:
5000/26x15x6= Rs.17308
I hope I have asnwered your query to your staisfcation.
Best Wishes,
Vasant Nair
From India, Mumbai
Subject - Re: gratuity calculation I agree with the same clarification given by Mr P Ramachandran Regards Vinod Chauhan
From India, Delhi
From India, Delhi
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FORM-F-NOMINATI ON OF GRATUITY.pdf
Gratuity Form I.doc