If I have completed 6 years, 6 months, and 12 days in a company, and my last drawn basic & DA is 14500 INR, then how many years will be considered for calculation as per the rule and what amount will I receive as gratuity.
Cite HR, help me with this doubt because our company's HR is saying that it will not be considered as 7 years of service as the rule is still not implemented.
From India, Pune
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Cite HR, help me with this doubt because our company's HR is saying that it will not be considered as 7 years of service as the rule is still not implemented.
From India, Pune
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Considering your basic as Rs14500/- you will be paid Rs55212/-
From India, Mumbai
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From India, Mumbai
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Sir what period, will be consider will it be roundoff to 7 yrs or 6years
From India, Pune
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From India, Pune
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Total service is 6 years 6 months and 12 days. Hence you are eligible for gratuity for 7 years. Hence gratuity payable to you is Rs.58,558/- ( 14500/26*15*7=58,558/-) N.LOKANADHA BABU Sr.Manager-HR
From India, Guntur
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15From India, Guntur
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Is there any provision under the Payment of Gratuity Act that gratuity should be computed on basic wages and dearness allowances only? Why should allowances which are not purely compensatory in nature not be considered for the calculation of gratuity? In the past, a salary would contain only basic salary and dearness allowance. But in the current industrial scenario, the concept of salary or remuneration has changed, and nowadays it is not the remuneration payable to an employee but a cost to the company!
Please follow the links:
- https://www.citehr.com/646656-gratuity-qualifying-salary-some-observations-shift-concept.html
- http://madhu-t-k.blogspot.com/2024/04/gratuity-qualifying-salary-some.html
Madhu T K
From India, Kannur
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Please follow the links:
- https://www.citehr.com/646656-gratuity-qualifying-salary-some-observations-shift-concept.html
- http://madhu-t-k.blogspot.com/2024/04/gratuity-qualifying-salary-some.html
Madhu T K
From India, Kannur
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