gratuity

This query is : Resolved

srikantpradhan (Querist)
Follow

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

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

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.

Message likes : 1 times

srikantpradhan

srikantpradhan (Querist)
Follow

17 March 2015 maximum gratuity is 15 month salary you mean to say

Rupesh Jain

Rupesh Jain (Expert)
Follow

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

Message likes : 1 times

srikantpradhan

srikantpradhan (Querist)
Follow

19 March 2015 thank you very much for this information

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

19 March 2015 you are most welcome.
.
.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now