Calculation of gratuity
This query is : Resolved
23 March 2015
Good Evening everybody,
I have some doubts regarding gratuity.
I want to know how much Grautity i will get if i leave the job after 5 yrs.
My basic salary is Rs. 15000/- and take home pay is 28133/-
So my doubt is wheter gratuity is calculated on basic or net take home pay.
Please guide.
Thanks for the help in advance.
I have some doubts regarding gratuity.
I want to know how much Grautity i will get if i leave the job after 5 yrs.
My basic salary is Rs. 15000/- and take home pay is 28133/-
So my doubt is wheter gratuity is calculated on basic or net take home pay.
Please guide.
Thanks for the help in advance.
23 March 2015
https://taxguru.in/income-tax/gratuity-legal-provisions-taxation.html
check this link for all your doubts shall be cleared.
check this link for all your doubts shall be cleared.
23 March 2015
Formula Used : Gratuity Calculation In India = [ (Basic Pay + D.A) x 15 days x No. of years of service ] / 26
Where, D.A = Dearness Allowance.
Where, D.A = Dearness Allowance.
24 March 2015
YOU CAN CALCULATE BASIS SALLARY +DA(PART OFRETIREMENT)X15/26DAYS X YEAR FOR SERVED IF HIGHER THAT 5 YEARS
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