Hai Friends Please find attached file which is self explanatory. Mano Kavin
From India, Coimbatore
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File Type: doc Gratuity ceiling raised to Rs 10L.doc (26.0 KB, 1539 views)

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Mr. Mano Kavin,

Your comments about the quantum of Gratuity are not correct because you have mentioned 15 days' salary for every completed year of service. There is a formula for calculating gratuity as follows: Last drawn monthly salary divided by 26 * 15 * number of years of service. If you are using this formula for calculation, it will amount to more than 15 days' salary.

From India, Trivandrum
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