18 September 2014
Calculation of the Amount of Gratuity [Section 4]:-
Monthly Salaried Employee
Gratuity = Last drawn wages × 15/26 × Completed years of Service (including a part of year in excess of six months)
Note: Wages = Last Drawn Month = Period of 26 Days 15 days wages = Last drawn wages × 15/26
Piece Rated Employee
Gratuity = Last drawn wages × 15/26 × Completed years of Service (including a part of year in excess of six months)
Note: Last drawn Wages = Total wages received during three months immediately preceding termination /Days actually worked Last drawn wages shall not include overtime wages.
Employee of a Seasonal Establishment.
Employee of seasonal establishment shall be paid gratuity at the rate of 7 days wages for each season
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