What is the formula for the calculation of Gratuity?
Answers were Sorted based on User's Feedback
Answer / sanjay kumar sen
In all the answers use of bracket () was not evident
properly.
Amount of Gratuity = (Basic + DA)*No. of Years Served*15/26
Enability - After 5 years of Service at a streach
for 5 years 1 month to 5 months, take 5 years
for 5 years 6 month to 11 months, take 6 years
Is This Answer Correct ? | 16 Yes | 4 No |
Answer / manmath kumar ojha
((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 |
Formula
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.
Examle:
10000*15/26* 5 Approx.(No of year)=28846.15
Regards
Devadutta Sutar
Accounts Officer
Madhucon Project Limited
Native:
Charampa
Bhadrak
Orissa
Is This Answer Correct ? | 12 Yes | 1 No |
Answer / varghese mathew
Last Salary drawn (Basic + DA)/26 X 15 X No. of years of
continuous service (Eligibility is min. 5 years), if served
for more than 5 years & 6 months will be counted as 6 years
and less than 6 months will not be counted.
Is This Answer Correct ? | 9 Yes | 2 No |
Answer / rohit rana
No. of years= who has completed more than 240 days in a
respective years during service.
Means someone who has completed 10 years in a service but
only in 6 years who has attended more than 240 days.
So, Gratuity = Basic+D.A.(Suppose 5000)/26*15*No. of years
who has attended more than 240 days(6)
Gratuity=17307.69
Is This Answer Correct ? | 17 Yes | 11 No |
Answer / revanasiddappa.s
Last drown Basic+DA/26*15 days*Number years service
This is the correct ans for this question; we can calculate
the gratuity using this formula
Is This Answer Correct ? | 10 Yes | 5 No |
Answer / rs
pl tell me the grautity -my basic 12800 and da 6400 nos of
8years service
Is This Answer Correct ? | 10 Yes | 6 No |
Answer / bhupendra singh yadav
Gratuity formula is:-
Last basic salary*15*No. of years of service/26
The employee who have more than 5 years working in the
organisation 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:-Last basic salary=10000, No. of yrs of service=30
10000*15*30/26=1,73,076.92
Is This Answer Correct ? | 9 Yes | 5 No |
Answer / jagan
15 days salay(Basic pay + DA)/ 26*15* no of yeary
Is This Answer Correct ? | 18 Yes | 15 No |
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