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???

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

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

Gratuity eligibility hinges on qualifying service; forum posts conflict and cite calculation and attendance rules.
Question whether an employee with four years and six months' service qualifies for gratuity produced conflicting forum answers: some state entitlement arises only after completion of five years, while another respondent asserts entitlement despite shorter service. Contributors also reference the method of calculating gratuity using basic pay and a 15 days' pay per year multiplier (example shown as 15/26xbasicxyears) and mention an attendance-related qualifying requirement tied to minimum working days in a year.