Dear Sir, Please guide us what the maximum salary limit for gratuity payment? Thanking You, Akhilesh
From India, Mumbai
5From India, Mumbai
Dear, Gratuity is calculated on last drawn salary (Basic), formula is last basic+da/26days*15days*number of years completed=gratuity.
From India, Pune
From India, Pune
Dear Akhilesh,
Greetings for the day,
In addition to fogat & amar answer i would onl quote that for payment of gratuity service of 5 years is compulsory & in each year working days should not be less that 240.
Thanks & Regards,
Sumit Kumar Saxena
From India, Ghaziabad
Greetings for the day,
In addition to fogat & amar answer i would onl quote that for payment of gratuity service of 5 years is compulsory & in each year working days should not be less that 240.
Thanks & Regards,
Sumit Kumar Saxena
From India, Ghaziabad
Dear Sumit, If employee has not worked for 240 days suppose he has worked only 230 days in any one year out of five year so is he not eligible for gratuity?
From India, Pune
From India, Pune
Last basic salary means at the time of leaving service whatever basic salary employee has
From India, Pune
From India, Pune
Hi Amar,
You don't have to calculate whether an employee completes 240 days in a year to determine eligibility. An employee who served for 4yrs and even a fraction of six month, counts for eligibility.
From India, Hyderabad
You don't have to calculate whether an employee completes 240 days in a year to determine eligibility. An employee who served for 4yrs and even a fraction of six month, counts for eligibility.
From India, Hyderabad
Dear All, Maximum gratuaty= 3.5 L. Formula=Basic + D.A./26*15*no.of years. Regards, Ashish 09469489001
From India, Velluru
From India, Velluru
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FORM-F-NOMINATI ON OF GRATUITY.pdf
Gratuity Form I.doc