Dear All,
I have been working in company from 18/08/2006. So on 18/08/2011 my 5 years will be completed , So how much gratuity amount will i recieve pls send me the calculations.
My salary = 12,000 , Basic 6000Rs. 2006 to 2007
My salary = 13,500 , Basic 6750Rs. 2007 to 2009
My Salary = 15,500 , Basic 7750Rs .2009 to 2010
My Salary = 17,000 , Basic 8500Rs , 2010 to present now.
From India, Bangalore
4I have been working in company from 18/08/2006. So on 18/08/2011 my 5 years will be completed , So how much gratuity amount will i recieve pls send me the calculations.
My salary = 12,000 , Basic 6000Rs. 2006 to 2007
My salary = 13,500 , Basic 6750Rs. 2007 to 2009
My Salary = 15,500 , Basic 7750Rs .2009 to 2010
My Salary = 17,000 , Basic 8500Rs , 2010 to present now.
From India, Bangalore
Hi, Below is the formal for calculating gratuity: Gratuity Amount= Basic of employee * 4.81% * number of years * for more information google or click the link below: Regards, Saravanan
From Sweden,
From Sweden,
last month base salary
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Few more information:
================
Gratuity is a payment made for the past services of the employee by the employer when employee retire or resign from the organization. This payment also made to employee legal heir in the event of death. It is payable for 15 days per year for a period the employee has worked in the organization. An employee does not contribute any portion of his salary towards this amount.
Gratuity is payable to any employee only after the completion of 5 years of continuous service in the organization.
Gratuity calculation formula: This formula will help you estimate how much gratuity you will get when you retire.
Covered under the Payment of Gratuity Act, 1971: (Last drawn monthly basic salary + dearness allowance)/26 x 15 days x number of years of service (date of joining – date of retirement/leaving job)
Note: After the completion of 5 years, if an employee working more than 6 months treats as one year.
Example: If last drawn monthly basic salary is 10,000 and number of years served in the company is 20 then 10000/26 x 15 x 20 = 115384.60
Not covered under Payment of Gratuity Act, 1971: ((Last drawn monthly basic salary + dearness allowance + commission) * 15 * No. of years of service)/30
Here only completed years will be considered into the calculation. If an employee has a total service of 10 years, 8 months and 15 days, only 10 years will be considered into the calculation.
From Sweden,
******************************************
Few more information:
================
Gratuity is a payment made for the past services of the employee by the employer when employee retire or resign from the organization. This payment also made to employee legal heir in the event of death. It is payable for 15 days per year for a period the employee has worked in the organization. An employee does not contribute any portion of his salary towards this amount.
Gratuity is payable to any employee only after the completion of 5 years of continuous service in the organization.
Gratuity calculation formula: This formula will help you estimate how much gratuity you will get when you retire.
Covered under the Payment of Gratuity Act, 1971: (Last drawn monthly basic salary + dearness allowance)/26 x 15 days x number of years of service (date of joining – date of retirement/leaving job)
Note: After the completion of 5 years, if an employee working more than 6 months treats as one year.
Example: If last drawn monthly basic salary is 10,000 and number of years served in the company is 20 then 10000/26 x 15 x 20 = 115384.60
Not covered under Payment of Gratuity Act, 1971: ((Last drawn monthly basic salary + dearness allowance + commission) * 15 * No. of years of service)/30
Here only completed years will be considered into the calculation. If an employee has a total service of 10 years, 8 months and 15 days, only 10 years will be considered into the calculation.
From Sweden,
Dear Saravanan Gratuity Amount= Basic of employee * 4.81% * number of years * 10000/26 x 15 x 20 = 115384.60 what is 26,15,20 pls let me know pls let me know above confussion
From India, Bangalore
From India, Bangalore
Hi ,
its already explained above.
(Last drawn monthly basic salary + dearness allowance)/26 x 15 days x number of years of service (date of joining – date of retirement/leaving job)
26=No. of working days in a month
15=No. of salary to be paid
20=No. of years of service with the organization
From India, New Delhi
its already explained above.
(Last drawn monthly basic salary + dearness allowance)/26 x 15 days x number of years of service (date of joining – date of retirement/leaving job)
26=No. of working days in a month
15=No. of salary to be paid
20=No. of years of service with the organization
From India, New Delhi
hi Gratuity calculation formula like, Basic + DA / 26 X 15 X ( No of total experince year ) Ex Your Gratuity = 8500/26X15X5 = 24,519 Regards Vijay Kumar Shetty 09986515380
From India, Bangalore
From India, Bangalore
Dear All, Under Gratuity Act, if an employee completes 6 months or more in a year it is considered to be one complete year. In the above case, it will considered 11 completed years. C B Sehgal
From India
From India
Hi,
I am Harshal Joshi.
I am working as an Executive HR in Manufacturing Company in Pune.
I have one query about gratuity.
If my Basic is 22000 and my total year of service is 10 yrs. then how to calculate the gratuity.
Regards,
Harshal.
From India, Pune
I am Harshal Joshi.
I am working as an Executive HR in Manufacturing Company in Pune.
I have one query about gratuity.
If my Basic is 22000 and my total year of service is 10 yrs. then how to calculate the gratuity.
Regards,
Harshal.
From India, Pune
As per Gratuity Act, the calculation is given below: , i.e, Rs.24519/- (TwentyFour Thousand Five Hundred Ninenteen Only) Raju, 9830681130
From India, Mumbai
From India, Mumbai
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