Hai friends,
I am working in a limited co. as Asst.Manager Accounts & Admn, kindly help in following query,
If the persons retires in the middle of the month, DA is variable, Grautity to be calculated on Basic + Previous month DA or basic+current DA? Please help me out in this regard?
From India, Thana
I am working in a limited co. as Asst.Manager Accounts & Admn, kindly help in following query,
If the persons retires in the middle of the month, DA is variable, Grautity to be calculated on Basic + Previous month DA or basic+current DA? Please help me out in this regard?
From India, Thana
Dear Mr. Harisesh,
It would be calculated as per previous month Basic + D.A x15/ 26 x Np. of years of service (minimum qulifying service put up is 5 years must)
The maximum amount payable is 3.50 Lakhs.
Hope this clarifies your query...
From India, Visakhapatnam
It would be calculated as per previous month Basic + D.A x15/ 26 x Np. of years of service (minimum qulifying service put up is 5 years must)
The maximum amount payable is 3.50 Lakhs.
Hope this clarifies your query...
From India, Visakhapatnam
Gratuity is to be calculated on the last drawn salary (Basic + DA) and the maximum amount of gratuity as per Payment of Gratuity Act is Rs 10 lakhs. At the same time any higher amount can be paid if the employer is willing to pay. The additional amount over and above what is stated above will be taxable in the hands of employee and employer.
Regards,
Madhu.T.K
From India, Kannur
Regards,
Madhu.T.K
From India, Kannur
Dear Hari, Gratuity = Last monthly Wages x 15 x years of completed service Note:- (i) Wages = Basic Wages + current DA (ii) Maximum gratuity payable = 10, 00,000/-
From India, Kochi
From India, Kochi
Max. amount Its 10lks for central government and 5 lakhs for state Govt. More than 10lkhs also permissible, provided that amount will be taxed by the IT department.
From India, Calcutta
From India, Calcutta
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