What is the formula for the calculation of Gratuity?
Answer Posted / mritunjay kumar
Gratuity Calculation In India = [ (Basic Pay + D.A) x 15
days x No. of years of service ] / 26
Where,
D.A = Dearness Allowance.
Gratuity Eligibility :
1. Any person employed on wages/salary.
2. At the time of retirement or resignation or on
superannuation, an employee should have rendered continuous
service of not less than five years.
3. Payable without completion of five years only when
death and disablement.
This gratuity calculator is applicable only for indian
employee.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
From a strategic perspective, how can senior management make the best use of the human resource function?
what types of questions are asked by iocl
justify your suitability for this position?
A well thought out orientation is essential for all new employees, whether they have experience or not
How are the various factors of production affected by global competition? Do we manage people any differently in a globally competitive environment?
What methods would you recommend for educating our employees regarding the company's sexual harassment policy?
What screening and selection methods are available, and which ones are most accurate? Explain.
Human resource management in retailing business
sir, i am serving in indian air force. i have to appear in an personal interview for manager in banks shortly. please provide the ideal answere of the question like introduce your self. and why you want to leave air force and join banking sector. thankyou
Human Resource Management The present state of recession in the IT industry - as a Human Resource Manager How are you going to undertake Human Resource Planning at Macro Level to tide over this crisis?
all questions and answer related to recruitment job?
i want to do MBA from usa, but they dont give me visa .i have been rejected 2 time.now i apply 3rd time.can i get visa?plz tell me
i want to do sap course as i am fresher(mba hr) is it usefull to do sap hr without experience
What is the best way to develop pay systems that are understandable, workable, and acceptable to employees at all levels?
what do you mean by Repatriation and its shock