Hi,Friends, I want to know the gratuity calculation and eligible time for getting gratuity. Please help me.
From India, Mumbai
4From India, Mumbai
Dear Ramanjaneyulumba,
1. Minimum eligibility to get Gratuity is 5 years.
2. In the case of permanent employees, for the preceeding 12 months, there should be a minimum attendance of
a) 190 days
i) for those work in Mines
ii) for those work for less than 6 days in a week
b) 240 days in other cases.
For gratuity calculation the service will be rounded to full years. For this purpose, fraction of more than 6 months will be rounded up to one year and upto 6 months will be rounded down.
Formula to calculate gratuity is service x salary x 15/26.
The ceiling limit is Rs. 10,00,000.
Abbas.P.S
From India, Bangalore
1. Minimum eligibility to get Gratuity is 5 years.
2. In the case of permanent employees, for the preceeding 12 months, there should be a minimum attendance of
a) 190 days
i) for those work in Mines
ii) for those work for less than 6 days in a week
b) 240 days in other cases.
For gratuity calculation the service will be rounded to full years. For this purpose, fraction of more than 6 months will be rounded up to one year and upto 6 months will be rounded down.
Formula to calculate gratuity is service x salary x 15/26.
The ceiling limit is Rs. 10,00,000.
Abbas.P.S
From India, Bangalore
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