Gratuity calculation - reg...

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thotasrinivas (Querist)
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24 August 2023 in hand book for retiring Central Govt. Employees : Gratuity calculation for Retirement gratuity is 5 Years qualifying years, 1/4th's emoluments for each completed six monthly period of qualifying service, subject to maximum 16 1/2 times the monthly emoluments. emoluments: Basic + DA Other way: The formula is: (15 * Your last drawn salary * the working tenure) / 30. which is applicable for Private employees ???

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Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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21 January 2024 For employees whose employer is not covered under the Gratuity Act, the gratuity amount would be calculated as per the half-month salary on each completed year of service.
The formula is: (15 * Your last drawn salary * the working tenure) / 30.

https://cleartax.in/s/gratuity-calculator

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