why we use 26 days to calculate the gratuity if the basic of employee is fix for a month either it is of 30 days or 31 days.
From India, Jaipur
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1From India, Jaipur
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Gratuity is one of the main components of retirement benefits provided to an employee. The formula to calculate gratuity is: (Number of years of service) * (Last drawn monthly Basic and DA) * 15/26. Here, DA stands for Dearness Allowance, which is a cost of living adjustment for pensioners. For example, if you have served 30 years and draw a monthly Basic and DA of Rs. 50,000 when you leave the job, you would receive a gratuity of Rs. 8,65,385 calculated as (30 * 50,000 * 15/26).
If you want to know more, visit https://hrone.cloud/how-to-calculate-gratuity/.
From India, Noida
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If you want to know more, visit https://hrone.cloud/how-to-calculate-gratuity/.
From India, Noida
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From India, New Delhi
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From India, New Delhi
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