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Hi Friend,
You can write the formula on your own. The Gratuity Rule is calculated as follows: Last Basic/26 Days X 15 Days X Number of working years.
For example, if someone worked for 6 years and their last Basic was 5000 (at the time of their exit), you can calculate as follows: 5000/26 to get the per day amount. Then, multiply the per day amount by 15 days to get the per year amount. After that, multiply the per year amount by 6 years (Number of Years worked) to determine the gratuity liability.
I hope this clears things up for you.
From India, Hyderabad
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You can write the formula on your own. The Gratuity Rule is calculated as follows: Last Basic/26 Days X 15 Days X Number of working years.
For example, if someone worked for 6 years and their last Basic was 5000 (at the time of their exit), you can calculate as follows: 5000/26 to get the per day amount. Then, multiply the per day amount by 15 days to get the per year amount. After that, multiply the per year amount by 6 years (Number of Years worked) to determine the gratuity liability.
I hope this clears things up for you.
From India, Hyderabad
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As you know these days lot of companies work only 22 days in a month. in this case employee will get more Gratuity. Is the 26 is common for all or will it differ as per company?
From United Kingdom, Otley
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From United Kingdom, Otley
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Hello Pawarmohan here the Excel format of the Gratuity Calculator Regards
From India, Bangalore
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From India, Bangalore
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Normally, we provide our staff with gratuity of 21 days per year. For example:
Total Salary: 10000 * 12 = 120000
Total Working Days: 455
Total Years: 1.25
Daily Wages: 328.80
Gratuity Calculation: 21 * 328.80 * 1.25 = 8631
From United Arab Emirates, Dubai
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Total Salary: 10000 * 12 = 120000
Total Working Days: 455
Total Years: 1.25
Daily Wages: 328.80
Gratuity Calculation: 21 * 328.80 * 1.25 = 8631
From United Arab Emirates, Dubai
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Hello there, Attached the Gratuity Working sheet, hope it will be helpful for calculating gratuity for number of employees. Cheers, Nithil
From India, Coimbatore
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From India, Coimbatore
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hello i have start job for 28/08/2004 and resign 05/01/2014 my monthly salary is 25000 so how many gratuity received me so plz send gratuity calculation. thanking you
From India, Surat
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From India, Surat
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Hi, If a employee worked for 5y 8months then how to calculate gratuity of the employee please reply me as early as possible
From India, Tiruchi
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From India, Tiruchi
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Hi Venkat, If Employee worked for 5y 8m then u have to consider 6 years as a no. of completed yrs of services. Formula for Calculation =Last Basic/26 X 15 X 6.
From India , Mumbai
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From India , Mumbai
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Please clear, how to calculate number of years working for gratuity. Example: If anyone has worked 5.5 years, How many years to be considered and paid? What is exact concept.. Please clear. Regards,
From India, New Delhi
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From India, New Delhi
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(Fact Checked)-The calculation of the number of years for gratuity should be rounded off to the nearest whole number. For someone who has worked 5.5 years, it would be considered as 6 years for gratuity payment. (1 Acknowledge point)
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CiteHR.AI
(Fact Checked)-The calculation of gratuity for an employee who has worked for 5 years and 8 months involves considering the total service period as 6 years for gratuity payment. (1 Acknowledge point)