Gratuty for 2012-13

This query is : Resolved

Kamal Agarwal (Querist)
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27 October 2012 Sir I need gratuty calculation. How much Provision of gratuty will be:

27-12-2010 to 30-6-2011 1-7-2011 to 30-9-2011 1-10-2011 to 30-6-2012 1-7-2012 onwards
Monthly Total Monthly Total Monthly Total Monthly Total
Basic Pay 7500 46210 11250 33750 13750 123750 18750
HRA 3750 23105 5625 16875 6875 61875 9375
Conveyance 4749 29260 6070 18210 7836 70524 12430
Executive Allow 4750 29266 6070 18210 7836 70524 12430
20749 65594 29015 91725 36297 326673 52985

Empl PF Cont. 10616 5451 10616 2654 10616 7962 10616
Medical 0 0 0 0 0 0 0
performance Bonus 29991 15399 73797 18449 83790 62843 75000
Gratuty 4327 2233 8593 2148 9511 7133 10817
leave encashment 5114 2626 7670 1918 9375 7031 12784
Medical Insurance 964 495 964 241 964 723 964
Labour Cont Fund 0 180 45 180 135 180
51012 26203 101820 25455 114436 85827 110361

300000 91796 450000 117180 550000 412500 746181

Ram Avtar Singh

Ram Avtar Singh (Expert)
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28 October 2012 Formula Used :

Gratuity Calculation In India = [ (Basic Pay + D.A) x 15 days x No. of years of service ] / 26

Where,
D.A = Dearness Allowance.

Gratuity Eligibility :
1. Any person employed on wages/salary.
2. At the time of retirement or resignation or on superannuation, an employee should have rendered continuous service of not less than five years.
3. Payable without completion of five years only when death and disablement.

This gratuity calculator is applicable only for indian employee.