HI... I am a trainee... So pls Solve my doubt. How can gratuity can be calculated ? Explain Using These 2 CTC 150000rs & 220000.... by Ganapathy 9952532017
From India, Chennai
1From India, Chennai
Dear All,
Can any one explain the procedure to transfer the ESIC( IP No) Contribution amount of an employee from his previous employment to his current employment ?
Is it possible to transfer like that ?
kindly guide me ?
Balaji GM
HR Executive
From India, Chennai
Can any one explain the procedure to transfer the ESIC( IP No) Contribution amount of an employee from his previous employment to his current employment ?
Is it possible to transfer like that ?
kindly guide me ?
Balaji GM
HR Executive
From India, Chennai
first regulations regarding eligibility
1. Gratuity is given if he have served for continuous 5 years..in 4th year it should be more than 240 days.
2. In case of death or permanent disablement?? then the 5 yrs count is invalid.
3. now for calculation of gratuity you need to know his/her Basic+DA
CTC figure wouldnt help in calculating graatuity in your case.
4. Its calculated on the basis of 15 days per completed year of service...
5. Its divided by 26, as in gratuity calculation we take 26 working days for a month., not 30.
6. the formula:-
basic+da * 15 * number of service years / 26
for more elaboration on gratuity norms follow any legal book....
From India, Calcutta
1. Gratuity is given if he have served for continuous 5 years..in 4th year it should be more than 240 days.
2. In case of death or permanent disablement?? then the 5 yrs count is invalid.
3. now for calculation of gratuity you need to know his/her Basic+DA
CTC figure wouldnt help in calculating graatuity in your case.
4. Its calculated on the basis of 15 days per completed year of service...
5. Its divided by 26, as in gratuity calculation we take 26 working days for a month., not 30.
6. the formula:-
basic+da * 15 * number of service years / 26
for more elaboration on gratuity norms follow any legal book....
From India, Calcutta
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Gratuity calculation.doc
Gratuity Calculation tool.xls