Hi Minimum how many persons required, for applicable for payment of gratuity act,1972 Regards Murthy
From India, Hyderabad
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19From India, Hyderabad
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Dear Murthy,
According to the Payment of Gratuity Act, 1972, this Act applies to every factory, mine, oilfield, plantation, port, and railway company. It also applies to every shop or establishment within the meaning of any law currently in force regarding shops and establishments in a state where ten or more persons are employed or were employed on any day in the previous twelve months.
With Regards,
R.N.Khola
Hi, Murthy,
How many persons are required at a minimum for the Payment of Gratuity Act, 1972 to be applicable?
Regards,
Murthy
From India, Delhi
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According to the Payment of Gratuity Act, 1972, this Act applies to every factory, mine, oilfield, plantation, port, and railway company. It also applies to every shop or establishment within the meaning of any law currently in force regarding shops and establishments in a state where ten or more persons are employed or were employed on any day in the previous twelve months.
With Regards,
R.N.Khola
Hi, Murthy,
How many persons are required at a minimum for the Payment of Gratuity Act, 1972 to be applicable?
Regards,
Murthy
From India, Delhi
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Thank you to both Mr. Prashant and Mr. R.N. Khola for your assistance. I have one more clarification to seek:
DOJ = 14/01/2004
DOL = 04/01/2010
In January 2010:
- Basic Salary = 5724
- HRA = 2862
- LTA = 1250
- Medical Allowance = 1250
- Company Allowance = 3606
- Advance Bonus = 700
- Total Earnings = 15392
- PF = 687
- PT = 100
- Net Earnings = 14605
Given this scenario, how should we calculate the gratuity?
Regards,
Murthy
From India, Hyderabad
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DOJ = 14/01/2004
DOL = 04/01/2010
In January 2010:
- Basic Salary = 5724
- HRA = 2862
- LTA = 1250
- Medical Allowance = 1250
- Company Allowance = 3606
- Advance Bonus = 700
- Total Earnings = 15392
- PF = 687
- PT = 100
- Net Earnings = 14605
Given this scenario, how should we calculate the gratuity?
Regards,
Murthy
From India, Hyderabad
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Dear Murthy,
We are to make payment of gratuity to this employee in accordance with Section 4 of the Payment of Gratuity Act, 1972 for consideration of wages per month for calculation purposes. Please go through the definition of wages under Section 2(s) of this Act.
With Regards,
R.N.Khola
From India, Delhi
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We are to make payment of gratuity to this employee in accordance with Section 4 of the Payment of Gratuity Act, 1972 for consideration of wages per month for calculation purposes. Please go through the definition of wages under Section 2(s) of this Act.
With Regards,
R.N.Khola
From India, Delhi
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Gratuity is calculated as follows: last drawn wages * number of years of service * 15/26.
For example:
Gratuity = 5724 * 6 years * 15/26
Gratuity = 19813.85
Gratuity = 19814 (Rounded Off Figure)
Thanks to both Mr. Prashant and Mr. R.N. Khola for the clarification.
Another point for clarification:
Date of Joining (DOJ) = 14/01/2004
Date of Leaving (DOL) = 04/01/2010
In January 2010, the salary details were as follows:
- Basic Salary = 5724
- HRA = 2862
- LTA = 1250
- Medical Allowance = 1250
- Company Allowance = 3606
- Advance Bonus = 700
Total Earnings = 15392
- PF = 687
- PT = 100
Net Earnings = 14605
In this scenario, how should we calculate the gratuity?
Regards,
Murthy
From India, Pune
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For example:
Gratuity = 5724 * 6 years * 15/26
Gratuity = 19813.85
Gratuity = 19814 (Rounded Off Figure)
Thanks to both Mr. Prashant and Mr. R.N. Khola for the clarification.
Another point for clarification:
Date of Joining (DOJ) = 14/01/2004
Date of Leaving (DOL) = 04/01/2010
In January 2010, the salary details were as follows:
- Basic Salary = 5724
- HRA = 2862
- LTA = 1250
- Medical Allowance = 1250
- Company Allowance = 3606
- Advance Bonus = 700
Total Earnings = 15392
- PF = 687
- PT = 100
Net Earnings = 14605
In this scenario, how should we calculate the gratuity?
Regards,
Murthy
From India, Pune
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Dear R.N.Khola Thanks for reply, now i understand a little bit, in this case the calculation for gratuity is (5724*15)/26*6 = 19813 pl correct me, if am wrong Regards Murthy
From India, Hyderabad
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From India, Hyderabad
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Hi In below attachment, Form D and Form E we r not using correct me if am wrong
From India, Hyderabad
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From India, Hyderabad
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Hi Where we have to submit the forms, who is controlling authority pl give the details about this. Regards Murthy
From India, Hyderabad
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From India, Hyderabad
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Hi Where we have to submit the Gratuity forms, who is controlling authority pl give the details about this. Regards Murthy
From India, Hyderabad
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From India, Hyderabad
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Dear all,
Often, we receive calls on how to calculate gratuity, i.e., if we say five and a half years, we have to consider six years of service. But how about four and a half years? Should it be rounded up to five years for gratuity calculation?
As per the Payment of Gratuity Act, 1972, the eligibility requirement is five years of service for an employee to be eligible for gratuity. Therefore, if an employee has completed four and a half years, they are not eligible for gratuity.
Regards,
M Srinivas
Ramky Group of Companies
Hyderabad Waste Management Project
Hyderabad
Email: srisu2412@rediffmail.com
Phone: 9866005600
From India, Hyderabad
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Often, we receive calls on how to calculate gratuity, i.e., if we say five and a half years, we have to consider six years of service. But how about four and a half years? Should it be rounded up to five years for gratuity calculation?
As per the Payment of Gratuity Act, 1972, the eligibility requirement is five years of service for an employee to be eligible for gratuity. Therefore, if an employee has completed four and a half years, they are not eligible for gratuity.
Regards,
M Srinivas
Ramky Group of Companies
Hyderabad Waste Management Project
Hyderabad
Email: srisu2412@rediffmail.com
Phone: 9866005600
From India, Hyderabad
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Gratuity Act-Teachers-Ma dhya Pradesh.docx
Payment of Gratuity Act, 1972 & The Rules.ppt