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What is the formula for the calculation of Gratuity?
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Answer / joel
basic/26 x 15 days x number of years of service
| Is This Answer Correct ? | 867 Yes | 165 No |
Answer / xyz
BASIC + DA (Last Pay drawn) X 15 /26 X No.OF YEARS WORKS.
| Is This Answer Correct ? | 753 Yes | 75 No |
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 ? | 214 Yes | 68 No |
Answer / komal
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 ? | 210 Yes | 65 No |
Answer / karthik prakash
Basic + D.A.*15/26*No. of years (after 5 year Service)
| Is This Answer Correct ? | 152 Yes | 43 No |
Answer / nirup kr gogoi
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 ? | 108 Yes | 21 No |
Answer / gajraj kaushik
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 ? | 108 Yes | 42 No |
Answer / chandra shekar
((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 ? | 51 Yes | 26 No |
Answer / sanjay nandi
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 ? | 33 Yes | 13 No |
Answer / manmath kumar ojha
(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 ? | 48 Yes | 31 No |
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