in Gratuity calculation why we put 15/26.
please clarify.
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Gratuity calculation
Replies (3)
Quick Summary
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.
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.
Good explanation
Thank you
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