Gratuity

Advocate Suneel Moudgil (Querist) 22 August 2013 This query is : Resolved
Dear Experts,
how is gratuity calculated? kindly explain....

as per my knowledge the formula is as below:-

15/22 X last basic salary X number of completed years of service -

Dear Experts, kindly clarify Last withdrawn basic salary, is it only basic salary or full payment in hand consisting of Basic salary, DA,Medical, Education,HRA etc.

please clarify

if possible please clarify via example:

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Kumar Doab (Expert) 22 August 2013
It is not 15/22.

It is 15/26.

(Basic+DA) x15/26xNo. of completed years of services

(part of a year in excess of 6 months is counted as 1 year)

(Basic+DA as per monthly wages last drawn)

Payment of Gratuity Act, 1972

Section: 2:Definitions: (s)

Section: 4:Payment of gratuity: (2)

Advocate Suneel Moudgil (Querist) 23 August 2013
thank you Sir, clear to me

Sudhir Kumar, Advocate (Expert) 01 September 2013
well advised by Mr Kumar Doab.

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