Dear Sir,
Can any one pls suggest me how to calculate gratuity? and also I would like to know that while calculating gratuity how the basic+da will be considered? for example: a person who is working in an organization for last seven years, his basic keeps on changing from time to time then what basics will be considered?at the time of lleaving the job?
From India, Delhi
1Can any one pls suggest me how to calculate gratuity? and also I would like to know that while calculating gratuity how the basic+da will be considered? for example: a person who is working in an organization for last seven years, his basic keeps on changing from time to time then what basics will be considered?at the time of lleaving the job?
From India, Delhi
Dear Sir, Thank you for your reply but what (Basic+DA) shall we consider, the one which he is getting at the time of leaving the organizatio,shall we calculate on that? Kindly reply.
From India, Delhi
From India, Delhi
Not only for Gratuity for any calculation like EL encashment, OT etc you have to calculate the Basic +DA+VDA as on the date pl Regards - kamesh
From India, Hyderabad
From India, Hyderabad
if you don’t have VDA component then only Basic + DA and if you have only Basic then Basic only - kamesh
From India, Hyderabad
From India, Hyderabad
Dear Shri Mukherjee,
Gratuity is to be always computed on the last basic pay plus dearness allowance admissible on it. To be specific, if some employee happens to die on a certain date on which he gets his annual increment and also rise in his dearness allowance, then gratuity is due @ last basic pay with increment earned + increased rate of dearness allowance on that basic. Thanks & regards,
From India, Pune
Gratuity is to be always computed on the last basic pay plus dearness allowance admissible on it. To be specific, if some employee happens to die on a certain date on which he gets his annual increment and also rise in his dearness allowance, then gratuity is due @ last basic pay with increment earned + increased rate of dearness allowance on that basic. Thanks & regards,
From India, Pune
Dear Mr. Mukherjee,
Gratuity is to be calculated on Basic and DA/VDA last drawn by the employee,i.e. on the salary at the time of leaving. The formula is Last drawn Basic+ DA/VDA X No. of years of service X 15/26.
Regards,
D. Phani Kumar
DGM- HR
VASAVADATTA CEMENT.
Gratuity is to be calculated on Basic and DA/VDA last drawn by the employee,i.e. on the salary at the time of leaving. The formula is Last drawn Basic+ DA/VDA X No. of years of service X 15/26.
Regards,
D. Phani Kumar
DGM- HR
VASAVADATTA CEMENT.
What Mr. Phani Kumar suggesting is correct. But, while calculating the Gratuity, if the no. of years of service is exceeding 6 months by even one day, you have to calculate the Gratuity for next year. For example, if an employee working for 6 Years 6 months and 2 days, he is eligible for 7 Years Gratuity. If he works for 6 years 6 months or less than that , he will get only 6 years gratuity.
Regards
Srinivas
Manager - HR
From India, Hyderabad
Regards
Srinivas
Manager - HR
From India, Hyderabad
Please, let me correct if I am wrong, Maxmimum Gratuity payable should not be more than one years salary.
From India, Nandurbar
From India, Nandurbar
Dear Sebastinss, Can you please help me know whether Gratuity eligilble criteria for no. of years is still 4years 240 days or is there any change? Regards, Neelam
From India, Pune
From India, Pune
Dear All
1. Please let me know, during gratuity calculation formula consider of 26 days (Basic+DA) why not 30 days. And if you are saying that 4 days w/off not consider hence 26 days then why calculated by 15 days why not 13 days ( half month considering 26 days as a month)
2. what is current maximum limit ( from IT point of view & in general)
Regards
Sanjeev
From India, Pune
1. Please let me know, during gratuity calculation formula consider of 26 days (Basic+DA) why not 30 days. And if you are saying that 4 days w/off not consider hence 26 days then why calculated by 15 days why not 13 days ( half month considering 26 days as a month)
2. what is current maximum limit ( from IT point of view & in general)
Regards
Sanjeev
From India, Pune
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FORM-F-NOMINATI ON OF GRATUITY.pdf
Gratuity Form I.doc