Grauity
This query is : Resolved
18 September 2014
Plz suggest the gratuity calculation given to employee with latest update.
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
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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