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Gratuity Calucaltion

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 November 2010 Please let me know the formula for Gratuity calculation with meaning for Salary and no of years of service for this purpose
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Ajay Mishra

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Ajay Mishra (Expert)
15 November 2010 Hi


Grautity Formula : Basic + Da * 15 * No of Years / 26

26: No of Working Days per Month i.e Common

For Example :

If an eployee working more than 6 months treat as one year. But you want to calculate correct amount then use this formula

For 10 Years 2 Months 15 Days

For One Year approximately 2 month goes to leave that is govt holidays..

so we take 10/12 = 0.83

0.83 * 2.15 ( that is month and days )

we get 1.7845 then we take year as 10.17845

grautity = 6000 (Basic 4000 DA 2000) * 15 * 10.17845 / 26
= 35,233.00
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