Our Policy Group Gratuity Scheme includes the following details:
1) 10 employees
2) Average age of 47.30
3) Average monthly salary of Rs. 8533.70
4) Average past service of 20.80
5) Present Value (PV) of past service benefit: Rs. 997598
6) Current service cost: Rs. 47264
7) Total service gratuity: Rs. 1487271
8) Accrued gratuity: Rs. 1017827
9) LCSA: Rs. 469444
10) Fund value as of the renewal date: Rs. 874438
Please calculate the annual gratuity premium.
From India, Shimla
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41) 10 employees
2) Average age of 47.30
3) Average monthly salary of Rs. 8533.70
4) Average past service of 20.80
5) Present Value (PV) of past service benefit: Rs. 997598
6) Current service cost: Rs. 47264
7) Total service gratuity: Rs. 1487271
8) Accrued gratuity: Rs. 1017827
9) LCSA: Rs. 469444
10) Fund value as of the renewal date: Rs. 874438
Please calculate the annual gratuity premium.
From India, Shimla
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Thank you for your information and how to arrive the average monthly salary
From India, Hyderabad
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From India, Hyderabad
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SALARY SHEET CALCULATION.xls