I am working with a private company in JAFZA since May 2005. Now, I have received a termination letter (with a notice period of 30 days). By the end of my tenure, I will have completed 6 years and 4 months. My question is, how will my gratuity be calculated if my basic salary is 5000? How much gratuity amount can I expect to receive? Please assist me with this matter.
From United Arab Emirates, Dubai
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From United Arab Emirates, Dubai
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The formula for calculating the Gratuity amount is as follows: Last drawn salary x No. of years served x 15 divided by 26.
Accordingly, the solution to your query is: 5000 x 6 years x 15 / 26 = 17308.
Your Gratuity amount is 17308.
From India, Madras
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66Accordingly, the solution to your query is: 5000 x 6 years x 15 / 26 = 17308.
Your Gratuity amount is 17308.
From India, Madras
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for your company the payment of Gratuity act is not applicable: then the calculation is : (Preceding 10 month salary/10)*15/30* total service years.
From India, Mumbai
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From India, Mumbai
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hi Ramachandram in your calculation you calculated for 6 years onely then what about 4 months. we should consider 4 months are we shoud take 6 years onely
From India, Hyderabad
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From India, Hyderabad
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The formula for calculating gratuity is: Basic + D.A * 15/26 * number of years in service.
First, tell me what your last basic salary was at the time you left the company. Please provide me with the exact details so that I can assist you.
Regards,
Neha
From India, Delhi
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First, tell me what your last basic salary was at the time you left the company. Please provide me with the exact details so that I can assist you.
Regards,
Neha
From India, Delhi
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yes please give me full details of your salary. than i will help. plz give me the following information Basic DA VDA FDA at the time of left service
From India, Visakhapatnam
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From India, Visakhapatnam
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Formula for gratuity calculation is (basic*4.8%)*12= a then a*6= your gratuity amount calculation of 4.8% is:-15/312*100=4.8% ex:5000*4.8%=240 240*12=2880 2880*6=17280 will be your gratuity amount
From India, Faridabad
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From India, Faridabad
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For purposes of calculating payable gratuity, a period of 6 months or more is taken into consideration and treated as if the employee has worked for one full year. This applies only after he/she completes the qualifying criteria of working for a continuous period of 5 years in the organization.
In the present case, our friend has worked for a period of 6 years and 4 months. Therefore, he will be entitled to gratuity for 6 years only.
The amount calculated assuming the salary is Rs. 5000/- would be:
5000/26 x 15 x 6 = Rs. 17,308
I hope I have answered your query to your satisfaction.
Best wishes,
Vasant Nair
"Hi Ramachandram, in your calculation you calculated for 6 years only. What about the 4 months? Should we consider the 4 months, or should we take 6 years only?"
From India, Mumbai
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In the present case, our friend has worked for a period of 6 years and 4 months. Therefore, he will be entitled to gratuity for 6 years only.
The amount calculated assuming the salary is Rs. 5000/- would be:
5000/26 x 15 x 6 = Rs. 17,308
I hope I have answered your query to your satisfaction.
Best wishes,
Vasant Nair
"Hi Ramachandram, in your calculation you calculated for 6 years only. What about the 4 months? Should we consider the 4 months, or should we take 6 years only?"
From India, Mumbai
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