What is correct computation formula for gratuity????
Basic / Gross
gross excluding certain items like OT allowences which are specifically exempted
Basic + DA component (i.e, VDA + FDA Etc) to be taken for gratuity cacluation.
(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.
Your are not logged in . Please login to post replies
Click here to Login / Register
view more »
Our Network Sites
Join LAWyersclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.
Alternatively, you can log in using: