Gratuity exemption if covered by gratuity act
Querist : Anonymous
10 months salary prior from retirement date...
The month of retirement shall be excluded..
If You are covered Under the Payment of Gratuity Act, 1971:
Gratuity shall be calculated as per the below formula:
Gratuity = Last drawn salary x 15/26 x No. of years of service.
Your last drawn salary will comprise your basic + DA.
For computation of gratuity, your service period will be rounded off to the nearest full year.
Querist : Anonymous
Your last drawn salary will comprise your basic + DA.
Querist : Anonymous
Your last drawn salary will be the salary of Nov..
Querist : Anonymous
Querist : Anonymous
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