Calculation For Gratuity - Gratuity Calculation

palvarsha23@gmail.com

Hi, will you plz tell me how to calculate gratuity and how to calculate PF. varsha
24th October 2008 From India, Mumbai

RajuIndia

Hi Varsha, Gratuity is calculated as 4.8 % of basic. It is paid after an uninterupted service of 5yrs of service on his retirement/resignation.
24th October 2008 From India, Mumbai

msrinivas

Dear Varsha,
Now a days the discussion on gratuity is going on like anything. I would liek to advice you to become member of citelegal.com and enter into employee and labour related section and under that gratuity subsection. There are number of postings on gratuity itself and hope you would get clear cut clarification.
M Srinivas
Asst Manager - HR
Ramky Group of Companies
Hyderabad
9866005600

26th October 2008 From India, Hyderabad

MANOKAVIN

Dear Varsha
Gratuity Calculation : Last drawn wages (Basic+DA) X No of years service X 15 Days wages or salary / 26 days
OR = Basic+DA / 26 days X No of years service X 15 days wages/salary
P F : Basic + DA X 12%
Employees share : 12%
Employer share : 12% - Out of this 8.33% goes to Pension -
Remaining 3.67% goes to PF
Total PF Contribution for employees = 15.67%
:-P MANOKAVIN
5th November 2008 From India, Coimbatore

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