What is my Gratuity?

[Ananya lekha]

I have completed 4 years and 6 months in a company... I know As per gratuity act, employees who have 5 years of service is eligible for the gratuity.....But am i eligible for gratuity, since i worked for 4 years and 6 months. If so, how to calculate gratuity for my service???

[Guest]

Yes, You will get gratuity amount for your service.

It depends on your basic pay and year of service.......

You can use https://www.easycalculation.com/finance/gratuity-calculation-india.php for finding how much gratuity you will get and also the formula to calculate it.

[DR.MARIAPPAN GOVINDARAJAN]

Gratuity is eligible only after completion of 5 years. In my view you are not eligible for gratuity.

[RAJESH SANGHVI]

I agree with Mr. Govindarajan. You are not eligible for Gratuity

[Guest]

First you are not eligible for gratuity. after 3 months you are eligible for gratuity.

As per rule your working days should be 240 days in one year 365 Days. then you are eligible for gratuity.

Example :-

If your Basic Salary = 10000.00

10000/26*15*5 = Gratuity ₹ 28846/-

Regards

Amit Gupta

AI Summary

Eligibility for Gratuity: Must Complete 5 Years Under Gratuity Act; 4 Years and 6 Months Insufficient Despite Calculation Method. An individual inquired about eligibility for gratuity after working 4 years and 6 months at a company, referencing the requirement of 5 years under the Gratuity Act. One respondent suggested they might be eligible and provided a calculation method, while three others disagreed, stating eligibility requires completing 5 years. One detailed that eligibility also depends on working 240 days in a year and provided a gratuity calculation example based on salary. The consensus was that the individual is not yet eligible for gratuity.