What is the formula for the calculation of Gratuity?

Answers were Sorted based on User's Feedback



What is the formula for the calculation of Gratuity?..

Answer / joel

basic/26 x 15 days x number of years of service

Is This Answer Correct ?    867 Yes 165 No

What is the formula for the calculation of Gratuity?..

Answer / xyz

BASIC + DA (Last Pay drawn) X 15 /26 X No.OF YEARS WORKS.

Is This Answer Correct ?    753 Yes 75 No

What is the formula for the calculation of Gratuity?..

Answer / ganesh

gratuity formula is:

Basic*15/26*no of years

The employee who have more than 5 years working in the
working he is the eligible for the gratuity.The maximum
gratuity is rs.3,50,000.The last drawn 15 days salary in
every year.

For Examle:
10000*15/26*7=40385

Is This Answer Correct ?    214 Yes 68 No

What is the formula for the calculation of Gratuity?..

Answer / komal

last salary basic 15/26*year (after 5year, upto6 month
should be counted as previous year and after 6 month to be
counted as next year)

Is This Answer Correct ?    210 Yes 65 No

What is the formula for the calculation of Gratuity?..

Answer / karthik prakash

Basic + D.A.*15/26*No. of years (after 5 year Service)

Is This Answer Correct ?    152 Yes 43 No

What is the formula for the calculation of Gratuity?..

Answer / nirup kr gogoi

please calculate the gratuity payable for an employee who
was appointed on July 1999 to 13.04.2000 as adhoc employee
and regulirised w.e.f 14.04.2000 and served this
organisation upto 28.11.2008. The basic pay as on nov 2008
is Rs. 5375/ and DA Rs. 2822/pm.
please show me the caculation

Is This Answer Correct ?    108 Yes 21 No

What is the formula for the calculation of Gratuity?..

Answer / gajraj kaushik

Basic*15/26*no of years

The employee who have more than 5 years working in the
working he is the eligible for the gratuity.The maximum
gratuity is rs.3,50,000.The last drawn 15 days salary in
every year.

For Examle:
10000*15/26*5=28846.15

Is This Answer Correct ?    108 Yes 42 No

What is the formula for the calculation of Gratuity?..

Answer / chandra shekar

((Basic+DA) of the last drawn salary/26)*No of years of
service if he/she has crossed 5 years of continuos service.
ie B+DA/26*15*No of years

Is This Answer Correct ?    51 Yes 26 No

What is the formula for the calculation of Gratuity?..

Answer / sanjay nandi

please calculate the gratuity payable for an employee who
was appointed on 15 Nov 1995 to and served this
organisation upto 31.08.2009. The basic pay as on Aug 2009
is Rs. 19813pm.(including basic + DA)
please show me the caculation

Is This Answer Correct ?    33 Yes 13 No

What is the formula for the calculation of Gratuity?..

Answer / manmath kumar ojha

(Basic+DA) of the last drawn salary/26)*No of years of
service if he/she has crossed 4.6 years of continuos
service.
ie B+DA/26*15*No of years


Regards,
Manmath Kumar Ojha
Accounts Department
Bhadrak, Orissa

Is This Answer Correct ?    48 Yes 31 No

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