gratuity eligibility
This query is : Resolved
23 November 2010
Dear Sir,
I am working in Partnership Firm, and I have completed 5 Years of service in this company.
i would like to know that am i eligible for gratuity. if yes how i have to calculate the gratuity amount. is there any labor law relates to gratuity.
Thanks & Regards
Shijo
I am working in Partnership Firm, and I have completed 5 Years of service in this company.
i would like to know that am i eligible for gratuity. if yes how i have to calculate the gratuity amount. is there any labor law relates to gratuity.
Thanks & Regards
Shijo
23 November 2010
Gratuity is calculated as follows :
(Basic salary+HRA)Last salary x 15/26 x No. of Years of Completed Service or part thereof in excess of 6 months.
Please refer Gratuity Act,1972 for detailed study.
(Basic salary+HRA)Last salary x 15/26 x No. of Years of Completed Service or part thereof in excess of 6 months.
Please refer Gratuity Act,1972 for detailed study.
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