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Gratuity calculation


venkatesh (Tax Consultant)     26 September 2013

venkatesh
Tax Consultant 
 3 likes  80 points

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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

jakson
Accountant 
 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.

911lawsuitloans

 

avater

VIGNESH (Manager Finance &Accounts)     11 February 2014

VIGNESH
Manager Finance &Accounts 
 18 likes  327 points

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The calculation seems to be right

 

9823*15/26*9

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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