Gratuity calculation

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....ratuity calculation<br> Query (Issue) Started By: - udit gupta Dated:- 16-9-2010 Last Reply Date:- 18-9-2010 Other Topics<br>Got 1 Reply<br>Indian Laws<br>Dear Sir, We (Technopak Advisors Pvt. Ltd.) ....

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....have a gratuity trust. Please advise us what will be gratuity calculation:- 1) Basic*26/15*numbers of year or 2) 10 month average salary Please advise me what will be right calculation with example....

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..... Thanks Narendra 9910365950 Reply By GOPALJI AGRAWAL: The Reply: It is not only basic only but the wages as defined under The Gratuity Act. The formula would be last drawn wages/26x15 days (For eve....

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....ry completed year of service or part thereof in excess of six months) or Rs. 10 lac. This is minimum one. Employer may offer better terms.<br> Discussion Forum - Knowledge Sharing ....