Grauity
This query is : Resolved
18 September 2014
Plz suggest the gratuity calculation given to employee with latest update.
CA Tejas Mistry
(Expert)
18 September 2014
Calculation of the Amount of Gratuity [Section 4]:-
Monthly Salaried Employee
Gratuity = Last drawn wages × 15/26 × Completed years of Service (including a part of year in excess of six months)
Note:
Wages = Last Drawn
Month = Period of 26 Days
15 days wages = Last drawn wages × 15/26
Piece Rated Employee
Gratuity = Last drawn wages × 15/26 × Completed years of Service (including a part of year in excess of six months)
Note:
Last drawn Wages = Total wages received during three months immediately preceding termination /Days actually worked
Last drawn wages shall not include overtime wages.
Employee of a Seasonal Establishment.
Employee of seasonal establishment shall be paid gratuity at the rate of 7 days wages for each season
Monthly Salaried Employee
Gratuity = Last drawn wages × 15/26 × Completed years of Service (including a part of year in excess of six months)
Note:
Wages = Last Drawn
Month = Period of 26 Days
15 days wages = Last drawn wages × 15/26
Piece Rated Employee
Gratuity = Last drawn wages × 15/26 × Completed years of Service (including a part of year in excess of six months)
Note:
Last drawn Wages = Total wages received during three months immediately preceding termination /Days actually worked
Last drawn wages shall not include overtime wages.
Employee of a Seasonal Establishment.
Employee of seasonal establishment shall be paid gratuity at the rate of 7 days wages for each season
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Gift to nri relatives residing in usa
- GST input credit on commercial property
- ETDS return q4 25-26
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
