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What is the formula for the calculation of Gratuity?
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Answer Posted / sunitha
(Basic+DA of the last drawn salary/26)* 15 * No of years of
service if he/she has crossed 4.6 years of continuos
service.
ie (Basic + DA/26*159) *No of years
Eg: Basic + DA =7000
Gratuity = (7000/26)*15 *No of Years of Service
= 269.23*15 * No of Years of Service
= 4038.46 * No of Years of Service
| Is This Answer Correct ? | 5 Yes | 3 No |
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