Dear Sir, As per the act, Eligibility for gratuity is minimum 5 years, and calculation for gratuity entitlement as under :- Basic + DA*15*No of years service /26 For Ex:- Basic=Da is - Rs 8000/- (Last Month Drawn) No of years service is - 6 Years Gratuity payable amount is Rs 8000*15*6/26= 27692=00 Regards Ramu Hegde
From India, Bangalore
From India, Bangalore
Dear rajeev Whether to compensate the gratuity while with in 05 yrs of service its depends upon the company .
From India, Hyderabad
2From India, Hyderabad
The salary for the purposes of Gratuity as per Payment of Gratuity Act, is, average Basic + DA paid during the last 10 months x15 / 26 x no. of years of service. Regards, Guruprasanna B.K.
From India, Bangalore
From India, Bangalore
hi, the 4.81% is used to book the gratuity liability and to reflect the notional value for the Liability to the company on account of Gratuity.
The idea of using 4.81 % is to ascertain that what would be the gratuity if any employee leaves.
From India, Delhi
The idea of using 4.81 % is to ascertain that what would be the gratuity if any employee leaves.
From India, Delhi
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FORM-F-NOMINATI ON OF GRATUITY.pdf
Gratuity Form I.doc