Dear Team,
I joined an enterprise firm in January 2014. The salary slip is contained below. Kindly let us know the calculation of gratuity, as the formula says basic + da.
BASIC + BASIC II + HRA + CONVEYANCE + SPL.ALLW.
Usha
From India, Bangalore
I joined an enterprise firm in January 2014. The salary slip is contained below. Kindly let us know the calculation of gratuity, as the formula says basic + da.
BASIC + BASIC II + HRA + CONVEYANCE + SPL.ALLW.
Usha
From India, Bangalore
Hi,
In your case you can consider the whole Basic salary ( Basic + Basic II) for Gratuity calculation purpose.
Not sure what is Basic II but it should be something like special Basic I hope, which should also be considered.
From India, Madras
956In your case you can consider the whole Basic salary ( Basic + Basic II) for Gratuity calculation purpose.
Not sure what is Basic II but it should be something like special Basic I hope, which should also be considered.
From India, Madras
There is rule that gratuity should be calculated only on Basic wages and Dearness allwoance. If the allowances like Specila allowance is a component of salary paid to all the employees in the establishment, that will also be considered for gratuity calculation. The Act defines the term wages as total emoluments with the exemption of commision, overtime wages, HRA, bonus and similar allowances. The exclusion part is not exhaustive but it should be similar to those mentioned.
From India, Kannur
From India, Kannur
Hi Ushsniaha,
I presume the basic II represents Special pay considered to be part of Basic, common in govt & PSUs, mostly carved out from the FDA/VDA emerging (merging part of DA) out of wage settlement. If yes, then this basic II can account for gratuity computation. So, combination of basic + DA / 26 x 15 x no.of qualifying years.(15 days salary for every year of qualifying service).
From India, Bangalore
I presume the basic II represents Special pay considered to be part of Basic, common in govt & PSUs, mostly carved out from the FDA/VDA emerging (merging part of DA) out of wage settlement. If yes, then this basic II can account for gratuity computation. So, combination of basic + DA / 26 x 15 x no.of qualifying years.(15 days salary for every year of qualifying service).
From India, Bangalore
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SALARY SHEET CALCULATION.xls