the payment Gratuity = Monthly salary/26 x 15 days x No. of years of service. Would like to know the monthly salary which is being calculated is the net or gross salary. Is leave is also calculated.
From India, Guwahati
From India, Guwahati
As Eswar said, gratuity is to be calculted on the wages at Basic + DA last drawn by the employee i.e drawn at the time of severance/termination of servcie on the absis of the formula mentioned by you.
B.Saikumar
HR & Labour Law advsior
Mumbai
From India, Mumbai
1899B.Saikumar
HR & Labour Law advsior
Mumbai
From India, Mumbai
If your company is not providing any DA then you can calculate Gratuity on following basis-
=Current/last drawn Basic/26 x 15 x No. of service.
And leave days will not be considered in the calculation.
Thanks,
Brijesh Vishwakarma
From India
=Current/last drawn Basic/26 x 15 x No. of service.
And leave days will not be considered in the calculation.
Thanks,
Brijesh Vishwakarma
From India
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.
Payment of Gratuity Act, 1972 & The Rules.ppt
THE PAYMENT OF GRATUITY ACT 1972.doc