My HR people had mentioned that the Salary for the calculation of Gratuity is Rs.9823.
Completed years of service is 8 years.
Amount of Gratuity is Rs.51004.
Can u explain me how the calculation was made?
2 Replies
jakson
(Accountant)
(41 Points)
Replied 23 January 2014
Generally a gratuity calculation India is calculated by the employee's basic salary and the years of working experience. With the help of this link, you can calculate any gratuity- https://easycalculation.com/finance/gratuity-calculation-india.php.
Thank you.
911lawsuitloans
VIGNESH
(Manager Finance &Accounts)
(327 Points)
Replied 11 February 2014
The calculation seems to be right
9823*15/26*9
There is a chance that you have worked for 6 months or more during the 8th year, Hence the same has been rounded off to 9
Vignesh Ashok Kumar
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