Dear Sir, Please guide us what the maximum salary limit for gratuity payment? Thanking You, Akhilesh
From India, Mumbai
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5From India, Mumbai
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There is no wages limit in it . It gives on Last Basic + DA . Gratuity limit is 10 Lcs .
From India
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From India
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Dear, Gratuity is calculated on last drawn salary (Basic), formula is last basic+da/26days*15days*number of years completed=gratuity.
From India, Pune
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From India, Pune
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Dear Akhilesh,
Greetings for the day.
In addition to Fogat and Amar's answers, I would like to emphasize that for the payment of gratuity, a minimum of 5 years of service is compulsory, and in each year, the number of working days should not be less than 240.
Thanks and Regards,
Sumit Kumar Saxena
From India, Ghaziabad
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Greetings for the day.
In addition to Fogat and Amar's answers, I would like to emphasize that for the payment of gratuity, a minimum of 5 years of service is compulsory, and in each year, the number of working days should not be less than 240.
Thanks and Regards,
Sumit Kumar Saxena
From India, Ghaziabad
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Dear Sumit, If employee has not worked for 240 days suppose he has worked only 230 days in any one year out of five year so is he not eligible for gratuity?
From India, Pune
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From India, Pune
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Dear Sir, Please guide about the meaning of last basic salary used in above.
From India, Bhopal
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From India, Bhopal
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Last basic salary means at the time of leaving service whatever basic salary employee has
From India, Pune
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From India, Pune
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Hi Amar,
You don't have to calculate whether an employee completes 240 days in a year to determine eligibility. An employee who served for 4 years and even a fraction of six months counts for eligibility.
Thank you.
From India, Hyderabad
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You don't have to calculate whether an employee completes 240 days in a year to determine eligibility. An employee who served for 4 years and even a fraction of six months counts for eligibility.
Thank you.
From India, Hyderabad
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Dear All, Maximum gratuaty= 3.5 L. Formula=Basic + D.A./26*15*no.of years. Regards, Ashish 09469489001
From India, Velluru
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From India, Velluru
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FORM-F-NOMINATI ON OF GRATUITY.pdf
Gratuity Form I.doc