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Hi,
I want to know the gratuity calculation, I have worked for 5 years in company
Basic - 12000
HRA - 6000
Special Allowance - 8000
Medical - 1250
Conveyance - 800
PF- 1200
All amount mentioned are monthly amount as on today, and i have completed 5 years, can you tell me my Gratuity Amount
regards
Sanju
From India, Bangalore
I want to know the gratuity calculation, I have worked for 5 years in company
Basic - 12000
HRA - 6000
Special Allowance - 8000
Medical - 1250
Conveyance - 800
PF- 1200
All amount mentioned are monthly amount as on today, and i have completed 5 years, can you tell me my Gratuity Amount
regards
Sanju
From India, Bangalore
Dear Mr. RLDhingra
Detailed below is the how 4.81% works out as monthly contribution of gratuity in CTC.
Assume your basic salary for gratuity is 100/-
gratuity for one year is 100/26*15 = 57.69
gratuity for 1 month is 57.69/12 = 4.81
Yes this is as per the Payment of Gratuity Act.
From India, Pune
Detailed below is the how 4.81% works out as monthly contribution of gratuity in CTC.
Assume your basic salary for gratuity is 100/-
gratuity for one year is 100/26*15 = 57.69
gratuity for 1 month is 57.69/12 = 4.81
Yes this is as per the Payment of Gratuity Act.
From India, Pune
Dear Sethupathy, can i have your mobile number please so that i can clarify some doubts reqarding my gratuity eligible also your email id. please share it regards, uday
From India, Madras
From India, Madras
Dear All,
What is the minimum wages per day for Karnataka State as cited below :
1. Sales and Marketing Personnel (Graduate & Above) [ Skilled ]-------------------
2. Data Entry Personnel (Graduate & Above) [ Skilled ] -------------------
3. Secretarial Personnel (Graduate & Above) [ Skilled ] -------------------
4. Telephone Operator - cum - receptionist (Graduate & Above) [ Skilled ] -------------------
5. Typist/ Clerk (Matriculate but not Graduate) [ Semi - Skilled ] --------------------------
6. Driver (Heavy Duty) [ Skilled ]-----------------------------
7. Cleaner [ Semi - Skilled ]-------------------------
8. Casual Labourer [ Unskilled ]----------------------.
Kindly do the needful at the earliest.
+91- 9930773309
From India, Mumbai
What is the minimum wages per day for Karnataka State as cited below :
1. Sales and Marketing Personnel (Graduate & Above) [ Skilled ]-------------------
2. Data Entry Personnel (Graduate & Above) [ Skilled ] -------------------
3. Secretarial Personnel (Graduate & Above) [ Skilled ] -------------------
4. Telephone Operator - cum - receptionist (Graduate & Above) [ Skilled ] -------------------
5. Typist/ Clerk (Matriculate but not Graduate) [ Semi - Skilled ] --------------------------
6. Driver (Heavy Duty) [ Skilled ]-----------------------------
7. Cleaner [ Semi - Skilled ]-------------------------
8. Casual Labourer [ Unskilled ]----------------------.
Kindly do the needful at the earliest.
+91- 9930773309
From India, Mumbai
Hi Seniors,
In my curent Organisation, Gratuity is part of CTC... every month, gratuity is being deducted & it is not paid to the employees if he/she resigns the Company before completion of five years.
PF is also part of CTC & if an employee resigns before completion of five years... then PF is payable. But why not gratuity is paid ?
For payment of gratuity, five years is a mandate but my point is - when gratuity is shown as part of CTC... then why should be mandate of five years there ?
Can you please guide me on this point ?
Thanks & Regards,
T Sampat
Cell No. 9860797244
From United States, Fairfield
In my curent Organisation, Gratuity is part of CTC... every month, gratuity is being deducted & it is not paid to the employees if he/she resigns the Company before completion of five years.
PF is also part of CTC & if an employee resigns before completion of five years... then PF is payable. But why not gratuity is paid ?
For payment of gratuity, five years is a mandate but my point is - when gratuity is shown as part of CTC... then why should be mandate of five years there ?
Can you please guide me on this point ?
Thanks & Regards,
T Sampat
Cell No. 9860797244
From United States, Fairfield
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Payment of Gratuity Act, 1972 & The Rules.ppt
THE PAYMENT OF GRATUITY ACT 1972.doc