Posts tagged "Gratuity Formula"

Gratuity Formula

Gratuity Eligible for service after 5 years, after which more than 6 month 1 day is rounded to next higher year (i.e 6 yr 7 month calculated as 7 years)

Gratuity is (Basic+DA)*15/26*no of years completed.

Max gratuity payable 3.5 lacs.


1 comment - What do you think?
Posted by Hrformats - August 19, 2011 at 5:04 AM

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