Gratutity Calculation

If Gratuity Calculation :Gratuity=Last Basic Pay*15 Days* Number of Year Service

A person works for 41 year & 6 months in a company.
Calculate the Number of the service year

Questions by vinod.sativada

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Krishna Babu

  • Jun 16th, 2015

Answer is Gratuity = ((basic/26)*15)*41.5

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  • Jul 8th, 2015

Gratuity calculation - upto 5 year 21 days basic salary after 5 years 30 days of basic salary

Ex: gratuity 3 years service that company

basic salary - 3000
=((3000*12)/ 365) * 21 this is the formula

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  • Oct 19th, 2016

Last Basic Pay x 15/26*42 years
(41.6 years, can be considered as 42 Years)

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  • Sep 30th, 2017

19 year 6 months

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  • Nov 11th, 2017

What is Payroll Disbursements Journal?
What are the steps in Payroll Management?

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  • Apr 26th, 2019

Gratuity= Basic/26*15*41
(41 yr and 6 months =41 yr)
bcz you will have to round up till 6 months

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