Dear Sir, Please guide us what the maximum salary limit for gratuity payment? Thanking You, Akhilesh
From India, Mumbai
5From India, Mumbai
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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
From India, Pune
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
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
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
From India, Pune
Last basic salary means at the time of leaving service whatever basic salary employee has
From India, Pune
From India, Pune
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
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
Dear All, Maximum gratuaty= 3.5 L. Formula=Basic + D.A./26*15*no.of years. Regards, Ashish 09469489001
From India, Velluru
From India, Velluru
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