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What is the formula for the calculation of Gratuity?
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Answer Posted / bhupendra singh yadav
Gratuity formula is:-
Last basic salary*15*No. of years of service/26
The employee who have more than 5 years working in the
organisation 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:-Last basic salary=10000, No. of yrs of service=30
10000*15*30/26=1,73,076.92
| Is This Answer Correct ? | 9 Yes | 5 No |
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