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What is the formula for the calculation of Gratuity?

Answer Posted / 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



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