Hello everyone. How to calculate gratuity if we are paying salary to employees on minimum basic wages. For example, the gross salary of an employee who has worked in a company for 6 years is 48000 (Min Basic 16064. + HRA 10646+ CA 10646 + CCA 10646.
Thanks & Regards
From India, New Delhi
2Thanks & Regards
From India, New Delhi
Only the components of basic pay and dearness allowance last drawn have to be taken into account for the computation of statutory gratuity.
In the given case, there is no dearness allowance but only basic and the other allowances comprising of HRA, C.A which I infer to be conveyance allowance and CCA.
Therefore, the last drawn basic pay of Rs.16064 alone has to be taken for the purpose of Gratuity.
From India, Salem
In the given case, there is no dearness allowance but only basic and the other allowances comprising of HRA, C.A which I infer to be conveyance allowance and CCA.
Therefore, the last drawn basic pay of Rs.16064 alone has to be taken for the purpose of Gratuity.
From India, Salem
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
FORM-F-NOMINATI ON OF GRATUITY.pdf
Gratuity Form I.doc