Dear Seniors,
I would like to know that as per the gratuity act the calculation is last basic pay*no of years in service*(15/26) but one of my friend says as per latest amendment, if any employee completed his/her service more than 10 years the normal calculation is not apply to him/her, the actual calculation is last basic pay*no of years in service*(26/26)
Hence if his statements are correct, can any one show the notification regarding such changes.
From India, Delhi
18I would like to know that as per the gratuity act the calculation is last basic pay*no of years in service*(15/26) but one of my friend says as per latest amendment, if any employee completed his/her service more than 10 years the normal calculation is not apply to him/her, the actual calculation is last basic pay*no of years in service*(26/26)
Hence if his statements are correct, can any one show the notification regarding such changes.
From India, Delhi
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Payment of Gratuity Act, 1972 & The Rules.ppt
THE PAYMENT OF GRATUITY ACT 1972.doc