WebFeb 28, 2024 · Gratuity amount = (salary last drawn * completed years of service)*15/30 Gratuity amount = (1,20,000 *11 )*15/30 = ₹ 6,60,000 Gratuity amount = (1,20,000 *10 )*15/30 = ₹ 6,00,000 Since the period of service is 10 years & 8 months in the first case, in both of the above scenarios, it is rounded off to 11 years. WebMar 17, 2024 · Amount of Gratuity received = (15 * last drawn salary drawn * completed number of years served) / 26. For those employees whose employers are not covered …
Gratuity Calculation Formula For Private Sector In Hindi for 2024
WebFeb 20, 2024 · The formula for calculating gratuity is as follows: Gratuity = (Last drawn salary x Number of years of service x 15) / 26. For example, if an employee has worked … WebJan 31, 2024 · Total Gratuity Payable = (Last Drawn Monthly Salary) x (15/26) x (Number of years of service completed). For example, if you joined service in 2013 and resigned in 2024 with a monthly salary of Rs. 50,000 (in 2015), your gratuity will be calculated as follows: – (15/26* Rs. 50,000)*5 = Rs. 1,44,230. ar al jumaily
Gratuity Calculator: Online Gratuity Calculator To Get Gratuity …
WebAug 21, 2024 · Gratuity in India is calculated using the formula: (Last drawn salary X number of completed years of service X 15) / 26. For example, if an employee’s last drawn salary is Rs. 50,000 and they have completed 10 years of continuous service with the organization, their gratuity amount would be: (50,000 X 10 X 15) / 26 = Rs. 2,88,461. WebFeb 25, 2024 · Gratuity = (Basic + DA) x 15/26 x number of years. Example: If an employee had joined a job on 01-08-2005 and retired or got his job terminated on 30-04-2024, with last drawn basic Salary of Rs... WebReady-to-use Gratuity Calculator India Template in Excel, OpenOffice Calc, and Google Sheet to easily calculate the gratuity amount of employees. ... Gratuity Formula For Government and Non-Government Employees Covered Under Gratuity Act. 15/26 X (Last Drawn Basic Salary + Last Drawn Dearness Allowance) X Years of Service. bajrangbali vanijya pvt ltd