Can some one help me on how to calculate the gratuity . Provide any online tools for gratuity calculation ?
2 Replies
Arpit Shah
(Accountant)
(21438 Points)
Replied 24 February 2015
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.
Shasha
(Professional)
(26 Points)
Replied 24 April 2015
You can use https://www.easycalculation.com/finance/gratuity-calculation-india.php
It will help you !!!
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