Hello, guys. How to calculate gratuity in case of death.
Suppose one employee completed 2 years and died during the service. How much gratuity needs to be paid to his/her nominee?
His Basic & DA is 15000/-
Date of Joining: 01/02/2020
Date of Death: 01/10/2021
From India, Bharuch
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1Suppose one employee completed 2 years and died during the service. How much gratuity needs to be paid to his/her nominee?
His Basic & DA is 15000/-
Date of Joining: 01/02/2020
Date of Death: 01/10/2021
From India, Bharuch
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Gratuity payable in this case can be worked out using the formula (15000/26)X 15X 2) = Rs 17,308 .
From India, Mumbai
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From India, Mumbai
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Gratuity calculation in case of death while on duty has been rightly calculated by KK HR R R KAPOOR Vadodara
From India, Vadodara
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From India, Vadodara
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To reduce the burden of this liability and provide additional benefits to employees, companies opt for compulsory insurance under section 4A of the Gratuity Act. This ensures that in the event of an employee's death, the calculations up to the date of retirement are covered and paid by the relevant insurance company.
From India, Rudarpur
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From India, Rudarpur
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