Gratuity calculation

venkatesh (Tax Consultant)     26 September 2013

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My HR people had mentioned that the Salary for the calculation of Gratuity is Rs.9823.

Completed years of service is 8 years.

Amount of Gratuity is Rs.51004.

Can u explain me how the calculation was made? 

jakson (Accountant)     23 January 2014

 41 points

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Generally a gratuity calculation India is calculated by the employee's basic salary and the years of working experience. With the help of this link, you can calculate any gratuity- http://easycalculation.com/finance/gratuity-calculation-india.php.  



Thank you.




VIGNESH (Manager Finance &Accounts)     11 February 2014

Manager Finance &Accounts 
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The calculation seems to be right



There is a chance that you have worked for 6 months or more during the 8th year, Hence the same has been rounded off to 9

Vignesh Ashok Kumar

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