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Gratuity calculation

venkatesh (Tax Consultant) (80 Points)

26 September 2013  

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? 


 2 Replies

jakson (Accountant) (41 Points)
Replied 23 January 2014

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- https://easycalculation.com/finance/gratuity-calculation-india.php.  

 

 

Thank you.

911lawsuitloans

 

VIGNESH (Manager Finance &Accounts)   (327 Points)
Replied 11 February 2014

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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