Gratuity Calculation: What will be your gratuity for Rs 33,000, Rs 56,000, and Rs 71,000 last-drawn basic salary after 8 years and 5 months of service?
Gratuity Calculation: The number of years and the last-drawn basic salary of an employee are used to calculate the gratuity amount. To your surprise, any service period of 6 months or more is rounded up to a full year. As per the Payment of Gratuity Act, 1972, organisations with 10 or more employees are mandated…