Dear Seniors,
I was working with Construction Pvt. Ltd. Company as a Mechanic. My details are as follows:
Joining Date: 11th May 2004
Resignation Date: 31st July 2017
Salary Details for the Month of June 2017:
Earnings: Deductions
1) Basic = 8,000/- 1) PF = 960/-
2) Conveyance = 1,600/- 2) PT = 200/-
3) Medical Allowance = 15,000/-
4) H.R.A = 2,880/-
5) Other Allowance = 532/-
6) Children Allowance = 200/-
7) Uniform Allowance = 288/-
Total = 28,500/- Total = 1,160/-
Kindly suggest how to calculate gratuity and what the claimed amount for gratuity will be.
Waiting for your valuable reply.
Thanks
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I was working with Construction Pvt. Ltd. Company as a Mechanic. My details are as follows:
Joining Date: 11th May 2004
Resignation Date: 31st July 2017
Salary Details for the Month of June 2017:
Earnings: Deductions
1) Basic = 8,000/- 1) PF = 960/-
2) Conveyance = 1,600/- 2) PT = 200/-
3) Medical Allowance = 15,000/-
4) H.R.A = 2,880/-
5) Other Allowance = 532/-
6) Children Allowance = 200/-
7) Uniform Allowance = 288/-
Total = 28,500/- Total = 1,160/-
Kindly suggest how to calculate gratuity and what the claimed amount for gratuity will be.
Waiting for your valuable reply.
Thanks
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[Gratuity Calculator: Online Gratuity Calculator to find the Gratuity](http://www.moneycontrol.com/personal-finance/tools/gratuity-calculator.html)
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From India, Pune
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From India, Pune
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Calculation of gratuity:
The formula for calculating gratuity is as follows: BASIC SALARY + D.A * 15/26 * NO OF YEAR SERVICE (6 months considered as a full year).
Now, if your basic salary is $8000 and your service duration is 13 years, 2 months, and 20 days, we will round it down to only 13 years for gratuity payment calculation purposes. Therefore, we will skip the additional 2 months and 20 days.
8000 * 15/26 = $4615.38 * 13 = $60,000 will be payable by the employer.
From India, Agra
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The formula for calculating gratuity is as follows: BASIC SALARY + D.A * 15/26 * NO OF YEAR SERVICE (6 months considered as a full year).
Now, if your basic salary is $8000 and your service duration is 13 years, 2 months, and 20 days, we will round it down to only 13 years for gratuity payment calculation purposes. Therefore, we will skip the additional 2 months and 20 days.
8000 * 15/26 = $4615.38 * 13 = $60,000 will be payable by the employer.
From India, Agra
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