Re: Gratuity Eligible On Maximum Salary

PremOutshine

Do private company pay "Gratuity" ? I’ve heard only in the government jobs but never heard in any private companies.
3rd June 2013 From India, Noida

raman_999@sify.com

I would like to know the present formulae to calculate the gratuity applicable to an employee, worked for ten years, for a self-financing college, run by a trust, in coimbatore, tamilnadu
3rd June 2013 From India, Coimbatore

razafar

If suppose total working of an employee is 5 years and 8 months so what will be the actual year will be taken i.e. 5 yrs as completed years or 6 years as a round off..???? kindly help
4th June 2013 From India, New Delhi

ashraf_hr@rediffmail.com

Sir,
I want to purchase consolidated book for more details about Payment of Gratuity Act, Bonus Act, Leave rules, Wages Act and Rules, PF , ESI etc in details.
Please help and oblige & clear the address.
Regards,
Ashraf
8009002555
5th June 2013 From India, Jaipur

couvery

183

Well, Gratuity amount is limited to 10 lacs but there’s no salary limit defined for the eligibility for gratuity.
5th June 2013 From India, Lucknow

raman_999@sify.com

Thanks for your quick response to my query with respect gratuity formula.
I would like to know the formula as per labour rules to be followed for the encashment of non-availed earned leave. I have worked for a
Trust in Coimbatore, Tamilnadu.
Once again thanks
Regards
Raman
5th June 2013 From India, Coimbatore

vinothkumar89

Gratuity is calculated on last drawn salary (Basic), formula is last basic+da/26days*15days*number of years completed=gratuity.
///
Dear All
DA Means Dearness allowance.
In my concern Basic is Rs.6500/- but there is no information of Dearness allowance in Appoinment Letter and Payslip also
If there is no dear ness allowance for me, so what is calculation
basic/26days*15days*number of years completed=gratuity.(is it correct)
Why 26 day & 15days in formula
My Gratuity Contribution is Rs.312/- for the month.
Waiting for your Reply Seniors
6th June 2013 From Czech Republic, Prague

MANOKAVIN

Dear Bunti Please note that the maximum gratuity amount is 10 lakhs. Manokavi
6th June 2013 From India, Coimbatore

hr@amar

Dear Vinoth,
26days counted as working days in a month means if you divide your last basic+da by 26 days then you will get one day salary and as per gratuity act per year you get 15days salary means you can calculate like your basic+DA/26=one day gratuity then multiplied by 15days then you get one year gratuity and then multiplied by whatever number of years you have completed of your service
6th June 2013 From India, Pune

mkmahanty

Dear All, Pl guide me If an employee completed 4 years,six month and one day then is he/she entitled for gratuity. Regards, Manas
6th June 2013 From India, Delhi

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.