hi Sir, i want to know basic condition of calculation of graduity and how to calculate Thanks Swapnil
From India, Mumbai
From India, Mumbai
363
Dear Member,
This is calculation procedure of gratuity payment as laid down at sec.4(2 ) explanation which may be read as under. For more details plz go through section 4 of this Act.
Sec. 4(2) Explanation.—In the case of a monthly rated employee, the fifteen days’ wages shall be calculated by dividing the monthly rate of wages last drawn by him by twenty- six and multiplying the quotient by fifteen.
With Regards,
R.N.KHOLA I I LL & IR I
Skylark Associates I Gurgaon I Haryana I
Welcome Skylark Associates
From India, Delhi
This is calculation procedure of gratuity payment as laid down at sec.4(2 ) explanation which may be read as under. For more details plz go through section 4 of this Act.
Sec. 4(2) Explanation.—In the case of a monthly rated employee, the fifteen days’ wages shall be calculated by dividing the monthly rate of wages last drawn by him by twenty- six and multiplying the quotient by fifteen.
With Regards,
R.N.KHOLA I I LL & IR I
Skylark Associates I Gurgaon I Haryana I
Welcome Skylark Associates
From India, Delhi
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SALARY SHEET CALCULATION.xls