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What is the formula for the calculation of Gratuity?
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Answer Posted / mritunjay kumar
Gratuity Calculation In India = [ (Basic Pay + D.A) x 15
days x No. of years of service ] / 26
Where,
D.A = Dearness Allowance.
Gratuity Eligibility :
1. Any person employed on wages/salary.
2. At the time of retirement or resignation or on
superannuation, an employee should have rendered continuous
service of not less than five years.
3. Payable without completion of five years only when
death and disablement.
This gratuity calculator is applicable only for indian
employee.
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