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Question
What is the formula for the calculation of Gratuity?
 Question Submitted By :: Human-Resources
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
basic/26 x 15 days x number of years of service 
Is This Answer Correct ?    856 Yes 159 No
Joel
 
Answer
# 2
BASIC + DA (Last Pay drawn) X 15 /26 X No.OF YEARS WORKS. 
Is This Answer Correct ?    742 Yes 72 No
Xyz
 
 
 
Answer
# 3
gratuity formula is:

Basic*15/26*no of years

The employee who have more than 5 years working in the
working he is the eligible for the gratuity.The maximum
gratuity is rs.3,50,000.The last drawn 15 days salary in
every year.

For Examle:
10000*15/26*7=40385
 
Is This Answer Correct ?    211 Yes 66 No
Ganesh
 
Answer
# 4
last salary basic 15/26*year (after 5year, upto6 month
should be counted as previous year and after 6 month to be
counted as next year)
 
Is This Answer Correct ?    207 Yes 64 No
Komal
 
Answer
# 5
Basic + D.A.*15/26*No. of years (after 5 year Service) 
Is This Answer Correct ?    148 Yes 43 No
Karthik Prakash
 
Answer
# 6
please calculate the gratuity payable for an employee who
was appointed on July 1999 to 13.04.2000 as adhoc employee
and regulirised w.e.f 14.04.2000 and served this
organisation upto 28.11.2008. The basic pay as on nov 2008
is Rs. 5375/ and DA Rs. 2822/pm.
please show me the caculation
 
Is This Answer Correct ?    102 Yes 21 No
Nirup Kr Gogoi
 
Answer
# 7
Basic*15/26*no of years

The employee who have more than 5 years working in the
working he is the eligible for the gratuity.The maximum
gratuity is rs.3,50,000.The last drawn 15 days salary in
every year.

For Examle:
10000*15/26*5=28846.15
 
Is This Answer Correct ?    104 Yes 42 No
Gajraj Kaushik
 
Answer
# 8
((Basic+DA) of the last drawn salary/26)*No of years of
service if he/she has crossed 5 years of continuos service.
ie B+DA/26*15*No of years
 
Is This Answer Correct ?    49 Yes 25 No
Chandra Shekar
 
Answer
# 9
(Basic+DA) of the last drawn salary/26)*No of years of
service if he/she has crossed 4.6 years of continuos
service.
ie B+DA/26*15*No of years


Regards,
Manmath Kumar Ojha
Accounts Department
Bhadrak, Orissa
 
Is This Answer Correct ?    47 Yes 31 No
Manmath Kumar Ojha
 
Answer
# 10
please calculate the gratuity payable for an employee who
was appointed on 15 Nov 1995 to and served this
organisation upto 31.08.2009. The basic pay as on Aug 2009
is Rs. 19813pm.(including basic + DA)
please show me the caculation
 
Is This Answer Correct ?    28 Yes 12 No
Sanjay Nandi
 

 
 
 
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For more Human Resources Interview Questions Click Here 
 
 
 
 
 


   
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