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ravinder jeet (Querist) 27 August 2011 This query is : Resolved
Sir,
My service is more than 20 years and want gratuity what i can do now.

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ajay sethi (Expert) 27 August 2011
we presume you are working for any factory or shop or any establishment employing 10or more persons
and as notified by central govt
if you have been employed on wages/salary and you have put in continous service of atleast 5 years you are enttiled to gratuity .
since you have put in 20 years and you want to retire you shall be entitled to gratuity
Calculation of Gratuity
Gratuity = Monthly Salary x 15 days x No. of yrs. of service.26
naxmium grattuity payabale as per sixth pay commission recommendations is 10 lakhs(earlier it was Rs. 3.5 lakhs ) the entire amount is tax free

prabhakar singh (Expert) 27 August 2011
you are perfectly informed by expert Ajay Sethi,and if you are teacher of any private school then forget it.

Guest (Expert) 27 August 2011
i agree with experts

M/s. Y-not legal services (Expert) 27 August 2011
Am also agree with experts..

K.S.Srinivas (Expert) 27 August 2011
The relevant provision of the payment of gratuity act 1972 is clearly explained by Mr.Ajay.

Chanchal Nag Chowdhury (Expert) 28 August 2011
Take VRS. U will be entitled to Gratuity.

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