Gratuity Calculator – Know Your Gratuity Amount, Formula, & Rules
Gratuity Calculator – Know Your Gratuity Amount, Formula, & Rules
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GRATUITY CALCULATION: Gratuity = [(15 * Your last drawn salary * the working tenure) / 30] For example, you have a basic salary of Rs 30,000. You have rendered continuous service of 7 years and the employer is not covered under the Gratuity Act. Gratuity Amount = (15 * 30,000 * 7) / 30 = Rs 1,05,000. Under the Payment of Gratuity Act of 1972, you are eligible to receive the gratuity amount provided – a. You are near the age of superannuation. b. You have completed 5 years of work in the same org
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GRATUITY CALCULATION: Gratuity = [(15 * Your last drawn salary * the working tenure) / 30] For example, you have a basic salary of Rs 30,000. You have rendered continuous service of 7 years and the employer is not covered under the Gratuity Act. Gratuity Amount = (15 * 30,000 * 7) / 30 = Rs 1,05,000. Under the Payment of Gratuity Act of 1972, you are eligible to receive the gratuity amount provided – a. You are near the age of superannuation. b. You have completed 5 years of work in the same org
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Youonyourfinance on Instagram: "Do Follow for more financial knowledge… What is Gratuity? Gratuity is a lump sum payment made by an employer to an employee as a token of appreciation for long-term and continuous service, usually after completing at least five years with the same employer. It is typically given at the time of retirement, resignation, death, or disablement of the employee. The amount of gratuity is calculated based on the employee’s last drawn salary and the number of years of ser
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Youonyourfinance on Instagram: "Do Follow for more financial knowledge… What is Gratuity? Gratuity is a lump sum payment made by an employer to an employee as a token of appreciation for long-term and continuous service, usually after completing at least five years with the same employer. It is typically given at the time of retirement, resignation, death, or disablement of the employee. The amount of gratuity is calculated based on the employee’s last drawn salary and the number of years of ser
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