Gratuity Calculation

Amit (Service) (457 Points)

01 January 2009  

Hi All,

My query is regarding the calculation of gratuity for non-govt employee.

As I learnt for non govt employee working more than 05 years in same organization , gratuity calculation will be

= Last drawn salary x 15/26 x completed years of service

For employee who completed more than 12 years, does the formula changes to whole salary ?

Whether the 3.50 LACS slab is only for taxability purpose ?

Please advise