Hi to all Can anybody suggest me which of the following heads to be included for calculating gratuity? basic salary HRA City compensatory allowances DA Medical allowances Conveyance Thanks Armaan
From India, Mumbai
Acknowledge(0)
Amend(0)
5From India, Mumbai
Acknowledge(0)Amend(0)
While calculating gratuity, you should use BASIC & DA if DA is a part of the salary; otherwise, only basic. Find below the calculation of Gratuity:
Basic * 15 * total years of service / 26
Where:
- Basic = last basic drawn
- 15 = 1/2 of basic
- Total years = total years of service (should not be less than five)*
- 26 = 26 days (26 working days in a month)
*In the case of death, gratuity should be paid from the Date of Joining (DOJ) till the last day. Also, in the case of normal resignation, it should be a minimum of five years of continuous employment.
Trust this helps.
Regards,
Shiva
From India, Pune
Acknowledge(0)Amend(0)
Basic * 15 * total years of service / 26
Where:
- Basic = last basic drawn
- 15 = 1/2 of basic
- Total years = total years of service (should not be less than five)*
- 26 = 26 days (26 working days in a month)
*In the case of death, gratuity should be paid from the Date of Joining (DOJ) till the last day. Also, in the case of normal resignation, it should be a minimum of five years of continuous employment.
Trust this helps.
Regards,
Shiva
From India, Pune
Acknowledge(0)Amend(0)
Dear Friend,
Kindly click on the following link, it will give you some required information,
https://www.citehr.com/download-list...uity&submit=Go
Pls let me know was this information useful,,
If not let me try out more & give information,,,,
In CiteHR you will get A to Z information on HR…..
Regards
M. Peer Mohamed Sardhar
093831 93832
From India, Coimbatore
Acknowledge(0)Amend(0)
Kindly click on the following link, it will give you some required information,
https://www.citehr.com/download-list...uity&submit=Go
Pls let me know was this information useful,,
If not let me try out more & give information,,,,
In CiteHR you will get A to Z information on HR…..
Regards
M. Peer Mohamed Sardhar
093831 93832
From India, Coimbatore
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Employee Benefits.doc
SBT Vs Asst. Labour Commissioner- Gratuity dismissed employee-LTS.PD F