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calculate Gratuity

saleemoddin (php developer) (66 Points)

18 June 2009

How to calculate Gratuity Amount?

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samyuktha (service) (42 Points)
Replied 18 June 2009

You will get the calculation of gratuity amount at https://www.payit.in/forums/viewtopic.php?f=6&t=16&p=33#p33

p ramachandran (manager accounts) (22 Points)
Replied 22 June 2009

Originally posted by :saleemoddin
"	How to calculate Gratuity Amount?	"

calculation of gratuity can be made by the formula as: LAST DRAWN SALARY X NO.OF YEARS SERVED X 15 / 26

Here the number of years served should be treated whole year if he crosses six months For example if a worker completes 7 years 7 months means the no. of years shall be 8 years ; if he is 7 years 5 months then it shallbe 7 years.

Here the elegibility of gratuity is he/she should have completed 5 years - here if he/she served for 4 years and 8months, he is not elegible for gratuity - he should have strictly completed 5 years.