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Mukesh Rahangdale (EMPLOYEE)     04 December 2020

Gratuity calculation

in Gratuity calculation why we put 15/26.
please clarify.


 3 Replies

ATUL Y

ATUL Y   04 December 2020

Gratuity is dependent upon the total number of years served in the company and the last drawn salary.

If A is (number of years of service in a company) + B is (last drawn salary) {Basic Salary+ Dearness Allowance}

Then, Gratuity = A*B*15/26 ; 15 being wages for 15 days and 26 being the days of the month.
1 Like
JATINDER KUMAR

JATINDER KUMAR (Accountant)     06 December 2020

Good explanation
1 Like
ATUL Y

ATUL Y   06 December 2020

Thank you
2 Like

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