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  • Gratuity Calculator

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    aminfotech24
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    The document provides information on calculating gratuity amounts for employees covered and not covered under the Gratuity Act. For employees covered, gratuity is calculated as last drawn salary multiplied by 15/26 times the number of years of service. For employees not covered, gratuity is calculated as last drawn salary multiplied by 15/30 times the number of years of service. Both calculations use 15 days wages and require information on an employee's last salary and years of service.

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    Gratuity Calculator

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    The document provides information on calculating gratuity amounts for employees covered and not covered under the Gratuity Act. For employees covered, gratuity is calculated as last drawn salary multiplied by 15/26 times the number of years of service. For employees not covered, gratuity is calculated as last drawn salary multiplied by 15/30 times the number of years of service. Both calculations use 15 days wages and require information on an employee's last salary and years of service.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    11 views2 pages

    Gratuity Calculator

    Uploaded by

    aminfotech24
    The document provides information on calculating gratuity amounts for employees covered and not covered under the Gratuity Act. For employees covered, gratuity is calculated as last drawn salary multiplied by 15/26 times the number of years of service. For employees not covered, gratuity is calculated as last drawn salary multiplied by 15/30 times the number of years of service. Both calculations use 15 days wages and require information on an employee's last salary and years of service.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    EMPLOYEES COVERED UNDER THE ACT

    Gratuity Calculator
    Basic Pay
    Dearness Allowance (D.A)
    Number of years of Service
    Gratuity Amount

    Using the two important parameters – number of years of service and last salary drawn, you can calculate the gratuity as follows –
    Gratuity = Last drawn salary x (15/26*) x Number of years of service
    *the number of working days per month is taken as 26 days.
    ** gratuity calculation is done at the rate of 15 days wages

    EMPLOYEES NOT COVERED UNDER THE ACT


    Gratuity Calculator
    Basic Pay
    Dearness Allowance (D.A)
    Number of years of Service
    Gratuity Amount

    Using the two important parameters – number of years of service and last salary drawn, you can calculate the gratuity as follows –
    Gratuity = Last drawn salary x (15/30*) x Number of years of service
    *the number of working days per month is taken as 30 days.
    ** gratuity calculation is done at the rate of 15 days wages
    Amt.

    Amt.

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