Dear Sir /Madam,
Suppose a Person retired from his job at the retained age of 63 years instead of 58 years .
Then such condition , the employer liable to pay gratuity to employee , as his/ her last salary drawn at the age of 63 years / 58 years and accordingly
number of service years counts as per his / her age of 63 years / 58 years.
suppose at the age of 58 years last salary drawn Rs 5800 and Number of year service is 12 years .
suppose at the age of 63 years last salary drawn Rs 7375 and Number of year service is 17 years .
Pl. advice me .
regards,
MUKESH GOYAL
9158009792
From India, Shahada
Suppose a Person retired from his job at the retained age of 63 years instead of 58 years .
Then such condition , the employer liable to pay gratuity to employee , as his/ her last salary drawn at the age of 63 years / 58 years and accordingly
number of service years counts as per his / her age of 63 years / 58 years.
suppose at the age of 58 years last salary drawn Rs 5800 and Number of year service is 12 years .
suppose at the age of 63 years last salary drawn Rs 7375 and Number of year service is 17 years .
Pl. advice me .
regards,
MUKESH GOYAL
9158009792
From India, Shahada
Hi Mukesh,
Gratuity calculation remain same whether 58 years or 63 years.
for 12 years the gratuity amount is Rs.40,154 @basic Rs.5800/-
for 17 years the gratuity amount is Rs.72,332 @basic 7375/-
More the service period more gratuity amount.
Further for the purpose of gratuity calculation Basic+DA to be considered.
From India, Madras
952Gratuity calculation remain same whether 58 years or 63 years.
for 12 years the gratuity amount is Rs.40,154 @basic Rs.5800/-
for 17 years the gratuity amount is Rs.72,332 @basic 7375/-
More the service period more gratuity amount.
Further for the purpose of gratuity calculation Basic+DA to be considered.
From India, Madras
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SBT Vs Asst. Labour Commissioner- Gratuity dismissed employee-LTS.PD F
Gratuity calculation.doc