2556
No ,the calculation is Last drawn monthly salary/26 multiplied by15 again multiplied by no of continuous years of service.Monthly salary is basic+DA. Varghese Mathew
From India, Thiruvananthapuram
From India, Thiruvananthapuram
dear Kumardqs, first of all this will be counted as 7 year 15*Avg of last 3 month basic salary*No. year serviced/26.. calculate by this formula
From India, Rajkot
From India, Rajkot
Dear Mohan
as per gratuity Act after 5 years completed in service, these employee are eligible to claim for gratuity & as per you stated above you have completed 6 years 7 months i.e. 7 years. means that rounded of formula will be follow here for calculation of gratuity.
Regards,
Anant Bhosle
From India, Mumbai
as per gratuity Act after 5 years completed in service, these employee are eligible to claim for gratuity & as per you stated above you have completed 6 years 7 months i.e. 7 years. means that rounded of formula will be follow here for calculation of gratuity.
Regards,
Anant Bhosle
From India, Mumbai
Dear Mohan It should be 7 years. Once an employee completed 6 months it will be considered as 1 year after 5 years this rule will be applicable With Regards S.Kothandam
From India, Madras
From India, Madras
Dear, You are eligible for 7 years to be taken calculation of gratuity. 6 month or less than 6 month to be ignored and more than 6 month is conducted full year.
From India, Ahmedabad
From India, Ahmedabad
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