What is correct computation formula for gratuity????
Basic / Gross
P. Selvam (Manager - HR) 31 March 2010
What is correct computation formula for gratuity????
Basic / Gross
Vijayarajan (Executive Director) 01 April 2010
gross excluding certain items like OT allowences which are specifically exempted
radha krishna (vp-hr) 01 April 2010
Basic + DA component (i.e, VDA + FDA Etc) to be taken for gratuity cacluation.
Sarjooram Sharma (Assistant Labour commissioner) 01 April 2010
(Basic+DA)/26*no. of complete years. more than six months means a complete year, less than six months will be left out. a year means a year in which the workman has work at least 240 days.
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