gratuity
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 February 2010
what is the minimum amount of gratuity, if any, that has to be given to employee by employer.
04 February 2010
if an enterprise is covered under The Payment of Gratuity Act, then the minimum amount of Gratuity payable is 15days salary for every completed year of Service.
where Salary = Basic + DA
if service is for a period of 6 months or more in any year then it is considered as 1 year.
Gratuity = 15/26*Salary * no. of years of services completed
where Salary = Basic + DA
if service is for a period of 6 months or more in any year then it is considered as 1 year.
Gratuity = 15/26*Salary * no. of years of services completed
05 February 2010
Agree
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