Dear All,
Can You Please tell me how the monthly basis gratuity given to the emploee and what is the calculation for that.And please tell me in details about EX-Gratia And how the Ex-Gratia is Calculated
From India, Pune
Can You Please tell me how the monthly basis gratuity given to the emploee and what is the calculation for that.And please tell me in details about EX-Gratia And how the Ex-Gratia is Calculated
From India, Pune
Dear badaveonkar,
Actually Gratuity should calculate on last basic salary multiply with 15days/total working days (26) multiply total yrs of service this is the basic calculation of gratuity
[B] GRATUITY = LAST DRAWN BASIC * 15/26 * YRS OF SERVICE
.The employee who serve minimum 5yrs he should eligible for gratuity at the time of relieving or retirement.Please refer Gratuity Act. you will know.
Ex-Gratia -- company is willing to pay salary to the employee in the case of the employer wants to relieved. Ex-Gratia will calculate on Guaranteed Cash (gross salary) divided by 30days * days of ex-gratia
From India, Hyderabad
6Actually Gratuity should calculate on last basic salary multiply with 15days/total working days (26) multiply total yrs of service this is the basic calculation of gratuity
[B] GRATUITY = LAST DRAWN BASIC * 15/26 * YRS OF SERVICE
.The employee who serve minimum 5yrs he should eligible for gratuity at the time of relieving or retirement.Please refer Gratuity Act. you will know.
Ex-Gratia -- company is willing to pay salary to the employee in the case of the employer wants to relieved. Ex-Gratia will calculate on Guaranteed Cash (gross salary) divided by 30days * days of ex-gratia
From India, Hyderabad
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FORM-F-NOMINATI ON OF GRATUITY.pdf
Gratuity Form I.doc