in Gratuity calculation why we put 15/26.
please clarify.
Menu
Gratuity calculation
Replies (3)
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
Recent Topic
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
Related Topics
CAclubindia
