09 January 2011
Gratuity Act Ammendment India 2010: Gratuity Calculation and Payment
This is good news for all employees specially government employees. The Gratuity limit has been raised from 3.5 lacs to 10 lacs.
For the Gratuity calculation the gratuity calculation formula is 1. basic/26 x 15 days x number of years of service OR 2. BASIC + DA (Last Pay drawn) X 15 /26 X No. OF YEARS WORKS
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