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.
CA AnKiT BoHrA (AB)
(Expert)
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.
Rupesh Jain
(Expert)
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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