Dear Sir(s)
Please help me to calculate gratuity amount, below are the details.
| DOJ | 01-Jul-07 |
| DOL | 16-Jan-18 |
| Year service | |
| Basic Salary | 45000.00 |
| Provision |
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Gratuity calculaton
Replies (6)
Whether employee is a government or non government employee? covered under gratuity act or not ?
Non government employee and covered under gratuity act.
For non-government employees covered under the Gratuity Act, the income tax exemption on any gratuity received is least of the following:
- Maximum amount specified by the government which is currently Rs. 10 lakh
- Last drawn salary X 15/26 X years of service
- Actual gratuity received
Your Question, Exempt Lower of Following :
1. Rs. 10 Lakh
2. (10 Years 7 Month) 45000*15/26*11 = 2,85,577
3. Actual
Thanks for replying with the precious advice.
Could you just tell me if employee would have completed 10 years 6 months only. Could we consider 11 years.
Thanks for replying with the precious advice.
Could you just tell me if employee would have completed 10 years 6 months only. Could we consider 11 years.
| Originally posted by : Jitendra | ||
 |
Thanks for replying with the precious advice. Could you just tell me if employee would have completed 10 years 6 months only. Could we consider 11 years. |
 |
No, You can't
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