Gratuity is calculated using the formula = (Basic + DA)/26 x 15 x number of years of service completed by the employee.
From India, Mumbai
1534From India, Mumbai
Hi,
Gratuity formula : Last darwn salary comprising of basic pay and DA /26 X 15 X total number of completed ( continous) years of service rendered by an employee
Any length of service rendered for six months and above at the last year of service shall be considered and reckoned as one year for claculation of gratuity
In seasonal factories , the formula of gratuity calculation differs as below in so far as the employess who are engaged during operational season which may vary from 4 to 7 months in a year like sugar factory etc
Last darwn salary comprising of basic pay and DA /26X7 Xy total number of completed years of service rendered by teh seasonal employee.
P.Senthilkumar
98840099193
From India, Chennai
Gratuity formula : Last darwn salary comprising of basic pay and DA /26 X 15 X total number of completed ( continous) years of service rendered by an employee
Any length of service rendered for six months and above at the last year of service shall be considered and reckoned as one year for claculation of gratuity
In seasonal factories , the formula of gratuity calculation differs as below in so far as the employess who are engaged during operational season which may vary from 4 to 7 months in a year like sugar factory etc
Last darwn salary comprising of basic pay and DA /26X7 Xy total number of completed years of service rendered by teh seasonal employee.
P.Senthilkumar
98840099193
From India, Chennai
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