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Gratuity salary computation
those notcovered under pg act what all items included in salary computation basic pay DA commission. If bonus given will it be included?
Replies (3)
Quick Summary
No bonus cannot be included in calculation of gratuity
In computation of amount of gratuity under sec10(10)iii, least of following shall be exempt
1.prescribed limit -2000000
2.amount received as gratuity
3.1/2×average monthly salary×completed year of service
For this purpose salary means basic+DA(if form part of retirement)+fixed% of commission on turnover.
1.prescribed limit -2000000
2.amount received as gratuity
3.1/2×average monthly salary×completed year of service
For this purpose salary means basic+DA(if form part of retirement)+fixed% of commission on turnover.
Bonus is not part of salary for computation of gratuity
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