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Answer Posted / vishal prashar
Calculation: W x Y x 15/26 where W = Last Wage drawn i.e.,
basic + DA
Y = number of completed years of continuous service (six
months or less to be ignored and more than six months to be
counted as full year.
15 = 15 days salary
26 = No. of working days in a month.
Maximum Limit: Rs.3.5 lacs. (w.e.f 24-09-1997)
more at http://www.citehr.com/78804-gratuity-
calculator.html#ixzz158gnko1E
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