Dear Sir/Madam,
Kindly help me with the latest calculation for Gratuity. As per my information, I know the following calculation:
Last drawn Basic * 15 days * No. of service in years / 26
The maximum limit for Gratuity calculation is Rs. 350,000/-. Is this information correct? If not, kindly let me know the latest calculation.
Regards,
Vinayak Sonawane
From India, New Delhi
9Kindly help me with the latest calculation for Gratuity. As per my information, I know the following calculation:
Last drawn Basic * 15 days * No. of service in years / 26
The maximum limit for Gratuity calculation is Rs. 350,000/-. Is this information correct? If not, kindly let me know the latest calculation.
Regards,
Vinayak Sonawane
From India, New Delhi
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Dear HR friend,
The maximum gratuity limit is not Rs. 3,50,000, but the recent amendment states it is 10 lakh. I am attaching the GO for your reference and records. The formula is as follows:
Basic
--------
x 15 x number of completed years of service.
26
Regards,
Alphonse
9443625359
From India, Madras
The maximum gratuity limit is not Rs. 3,50,000, but the recent amendment states it is 10 lakh. I am attaching the GO for your reference and records. The formula is as follows:
Basic
--------
x 15 x number of completed years of service.
26
Regards,
Alphonse
9443625359
From India, Madras
Dear Friend Kindly tell me that If any employee has been complete 4 yrs 11 month.Will he get gratuity as per our low??. I am waiting your prompt response. With Best regards Lalit Mohan
From India, Delhi
From India, Delhi
Dear All,
If an employee has worked for 5.4 years, then gratuity will be calculated based on 5 years or the full 5.4 years.
Below calculation is correct or not:
DOJ DOL No. of Years Last Basic Gratuity Amount
11-Aug-07 1-Jan-13 5.4 10350 29856
Regards,
Naval
9630117777
From India, Indore
If an employee has worked for 5.4 years, then gratuity will be calculated based on 5 years or the full 5.4 years.
Below calculation is correct or not:
DOJ DOL No. of Years Last Basic Gratuity Amount
11-Aug-07 1-Jan-13 5.4 10350 29856
Regards,
Naval
9630117777
From India, Indore
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Gratuity calculation.doc
Gratuity Calculation tool.xls