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Question
`What is the formula for the calculation of Gratuity?`
Question Submitted By :: Bgignatius
I also faced this Question!!     Rank Answer Posted By

Re: What is the formula for the calculation of Gratuity?
# 1
basic/26 x 15 days x number of years of service
 Is This Answer Correct ? 852 Yes 158 No
Joel

Re: What is the formula for the calculation of Gratuity?
# 2
BASIC + DA (Last Pay drawn) X 15 /26 X No.OF YEARS WORKS.
 Is This Answer Correct ? 738 Yes 72 No
Xyz

Re: What is the formula for the calculation of Gratuity?
# 3
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 ? 204 Yes 64 No
Komal

Re: What is the formula for the calculation of Gratuity?
# 4
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

Re: What is the formula for the calculation of Gratuity?
# 5
Basic + D.A.*15/26*No. of years (after 5 year Service)
 Is This Answer Correct ? 146 Yes 43 No
Karthik Prakash

Re: What is the formula for the calculation of Gratuity?
# 6
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 ? 103 Yes 42 No
Gajraj Kaushik

Re: What is the formula for the calculation of Gratuity?
# 7
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.

 Is This Answer Correct ? 102 Yes 21 No
Nirup Kr Gogoi

Re: What is the formula for the calculation of Gratuity?
# 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

Re: What is the formula for the calculation of Gratuity?
# 9
((Basic+DA) of the last drawn salary/26)*No of years of
service if he/she has crossed 4.6years of continuos service.
ie B+DA/26*15*No of years

 Is This Answer Correct ? 37 Yes 26 No
Manmath Kumar Ojha

Re: What is the formula for the calculation of Gratuity?
# 10
(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

 Is This Answer Correct ? 47 Yes 31 No
Manmath Kumar Ojha