gratuity
This query is : Resolved
srikantpradhan
(Querist)
17 March 2015
please any one suggest " quantum of gratuity payable will be 15 days wages based on the rate of wages last drawn by the employee concerned for every completed year of service or part thereof in excess of six months subject to a maximum of 15 months wages
what does it mean subject to a maximum of 15 months wages
what does it mean subject to a maximum of 15 months wages
Amol S Joglekar
(Expert)
17 March 2015
that is one more CEILING amount at the time of payment of gratuity.
It means in NO case the amount of gratuity should exceed 15 months wages.
It means in NO case the amount of gratuity should exceed 15 months wages.
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srikantpradhan
(Querist)
17 March 2015
maximum gratuity is 15 month salary you mean to say
Rupesh Jain
(Expert)
17 March 2015
PER YEAR YOU HAVE TO PAY 15 DAYS SALARY AND IF SERVICE YEAR AFTER COMPLETING YEAR REMAIN EXCESS 6 MONTH THEN YOU GIVE 15 DAYS
FOR EXAMPLE
7 YEAR 8 MONTH
THEN HYOU HAVE TO PAY 8 YEAR X 15 DAYS X LAST SALARY PER MONTH
FOR EXAMPLE
7 YEAR 8 MONTH
THEN HYOU HAVE TO PAY 8 YEAR X 15 DAYS X LAST SALARY PER MONTH
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srikantpradhan
(Querist)
19 March 2015
thank you very much for this information
Amol S Joglekar
(Expert)
19 March 2015
you are most welcome.
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