I have worked in BSNL for 10 years and 7.5 months. My Basic salary is 21340, DA is 13124, and HRA is 4268. I have resigned from my job.
By this post, I kindly request your guidance on the following:
1) I have calculated the Gratuity as Rs. 218714. Is that correct?
2) I have 201 E/L's. How many of them will be encashed and by which formula?
3) I am deducting Rs. 105 as group insurance. How much will I get back?
4) Are there any other benefits that I am eligible to receive?
Please help me resolve my queries.
From India, Amritsar
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By this post, I kindly request your guidance on the following:
1) I have calculated the Gratuity as Rs. 218714. Is that correct?
2) I have 201 E/L's. How many of them will be encashed and by which formula?
3) I am deducting Rs. 105 as group insurance. How much will I get back?
4) Are there any other benefits that I am eligible to receive?
Please help me resolve my queries.
From India, Amritsar
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Dear K.P. Singh,
Gratuity = Last monthly wages x 15 x years of completed service.
Note:
(i) Wages = Basic Wages + DA
(ii) Maximum gratuity payable = 10,00,000/-
ie 34464 x 15 x 11 divided by 26 = 218,714
So regarding gratuity, your calculation is correct. Regarding the other benefits, I will be able to reply if you could send me the Govt Order regarding voluntary retirement scheme.
From India, Kochi
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67Gratuity = Last monthly wages x 15 x years of completed service.
Note:
(i) Wages = Basic Wages + DA
(ii) Maximum gratuity payable = 10,00,000/-
ie 34464 x 15 x 11 divided by 26 = 218,714
So regarding gratuity, your calculation is correct. Regarding the other benefits, I will be able to reply if you could send me the Govt Order regarding voluntary retirement scheme.
From India, Kochi
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