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 |
Post New Answer View All Answers
what factors should be kept in mind in selecting HCN?
what is memo & which no of memo given to the worker and termination of service.
What are the advantages and disadvantsges of stress interview?
list the detailed advantages and disadvantages of off the job training
when basic salary is 21000/ pm on deduction 12% then in same condition gross salary is in-cress up to 21000/pm how deducted the esi .
should mangers advocate the use of an activity that could possibly get out of control?
what are all the human resource policies?
What is your experience in employee safety, counseling and welfare matters? What are the state laws in this regards?
what is the driving force in an organisation that will enable personnel management to its continuous improvement and achievement?
If a person is having 1 year experiencein Search & recruitment Firm,Is he/she is eligible for any good corporate?
Hi Friends..... I am interested to write Groups.Can anyone guide me?Till now i didn't gave any attempt.How many attempts will be there for Group-1/Group-2/Civils?How much amount to spent totally to complete a particular one?And how much time to spend?I am thinking to give my first attempt in the year 2009.
what contents should be added in introduction part?
How to Calculate costs associated with bad recruitment?
what is the difference between organizational structure and design
how can i settled as a hr in your company?