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QUERY for amendment

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(Querist)
09 January 2011 sir
may i know what are the basic amendment in gratuity act 1972 for may 2011
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
09 January 2011 Gratuity Act Ammendment India 2010: Gratuity Calculation and Payment

This is good news for all employees specially government employees. The Gratuity limit has been raised from 3.5 lacs to 10 lacs.

For the Gratuity calculation the gratuity calculation formula is
1. basic/26 x 15 days x number of years of service
OR
2. BASIC + DA (Last Pay drawn) X 15 /26 X No. OF YEARS WORKS
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