Procedure For Gratuity Calculation

Dear All,
Can you plz let me know the procedure for calculation of Gratuity ?

Hi Sneha Shetty,
Please find the below link for your better use, As I have got through web search, And I believe Seniors can correct it, If any further changes are there.
Gratuity Calculation India
Have a good Day!!!

Hi Sneha
Once the employee completes the period of 5 years of continuous service then he/she is applicable for gratuity.
Calculation for gratuity is 15 Days wages of the employee per year X number of years he/she works

Hi Aisha n Jeeva,
Thank you for the reply, may i know before calculating what all forms to be issued or received and after issuing gratuity what as to be done.

Hi Sneha
Once the employee attains the experience of 1 Year you should enroll them for Gratuity by filling nomination form. Gratuity will be paid at full & final settlement. Under that you shall get the declaration for payment of Gratuity amount. No need to pay for existing employees

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Dear Sneha,
Instead of asking "piece meal" instant coffee" tips why don't you get a bare act of gratuity act and know the over all info. & implications. This will save time & energy. Moreover use the search options too as this subject was discussed many times in cite HR.
ATB
kumar.s.

Once the employee completes the period of 5 years of continuous service then he is applicable for gratuity.
Calculation for gratuity is : Last Basic+ DA(If Any) *15/26*No of year of service.