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
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Payment of Gratuity Act, 1972 & The Rules.ppt
THE PAYMENT OF GRATUITY ACT 1972.doc