Friday, December 29, 2017

Gratuity Calculator


TekGrabs Gratuity Calculator
Basic Pay:


Calculated Gratuity
Dearness Allowance (D.A):


Number of years of Service:







Formula:
Gratuity Calculation= [ (Basic Pay + D.A) x 15 days x No. of years of service ] / 26

Where,
D.A = Dearness Allowance.

End of Service Benefits Eligibility:
1. Any person employed on wages/salary.
2. At the time of retirement or resignation or on superannuation, an employee should have rendered continuous service of not less than five years.
3. Payable without completion of five years only when death and disablement.

Example: Gratuity amount for a given Basic Pay = 17500, DA = 1500 and Years of Service = 25

Solution: = ( ( 10000 + 1000 ) * 15 * 5 ) / 26 = 31730.77

Therefore, gratuity amount is Rs. 31730.77


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TekGrabs, established in 2017, is in the business of sharing Information. It provides news, articles and photos about the different technologies, inventions in different domains. Provides information on programming and databases.

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