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What is the formula for the calculation of Gratuity?
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Answer Posted / devadutta sutar
Formula
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.
Examle:
10000*15/26* 5 Approx.(No of year)=28846.15
Regards
Devadutta Sutar
Accounts Officer
Madhucon Project Limited
Native:
Charampa
Bhadrak
Orissa
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