Anupam Jaiswal 28 February 2018
Ambanshu Sahni 28 February 2018
Dear Anupam
Please see the information below, i hope you find it useful. If you have any query please feel free to contact me at 7291090489.
Gratuity is a benefit received by an employee for services rendered to an organisation. For companies covered under the Gratuity Act, this benefit is paid when an employee completes five or more years of service with the employer. The Gratuity Act applies to establishments employing 10 or more persons.
The claculation of gratuity is done through this formula "last drawn salary (basic salary plus dearness allowance) X number of completed years of service X 15/26. According to this formula, the time period of over six months or more is considered as one year. This means if you have completed five years and seven months of service, the number of years would be considered as six years for calculation of gratuity benefit. On the other hand, if the service period is five years and five months, for gratuity calculation it will be considered as five years"
Warmly
Ambanshu
Kumar Doab (FIN) 28 February 2018
GO thru the Gratuity Rules applicable to said establishment in your state and download and attach or mention link.
The senior members of Teachers Forums can guide you to such rules if any in your state.
Kumar Doab (FIN) 28 February 2018
Generically speaking;
GO thru;
THE PAYMENT OF GRATUITY ACT, 1972; 1,2A,4, 7
https://maitri.mahaonline.gov.in/pdf/payment-of-gratuity-act-1972.pdf
Write to the principle of the school under proepr acknowledgment to supply ‘Notice of Determination of Gratuity’ and payment and requisite form if any and Gratuity Rules to you.
If the Act applies to establishment you should be eligible..
A sensible employer may pay Gratuity alongwith Fnf on LWD.
Gopalprajapatifbd Parjapati 01 March 2018
Anupam Jaiswal 01 March 2018
Anupam Jaiswal 01 March 2018
Ambanshu Sahni 01 March 2018
All employees at a workplace where more than 10 people are employed are covered under the Gratuity Act.
Therefore the formula remains the same, which is mentioned above in the post i have made.
Warmly
Ambanshu Sahni
7291090489
Anupam Jaiswal 02 March 2018
Kumar Doab (FIN) 02 March 2018
Ask the principle to supply the Gratuity rules as applicable in the state to the school/ establishment…
Check with Directorate of Education guidelines in your state applicable to establishment/school…
Or write under proper acknowledgment on IT and as suggested above..
As per Payment of Gratuity Act, 1972;
Gratuity= { ( Basic+DA)/26*15*No. of years in service}
( Basic+DA) is as per last drawn salary..
Count from DOJ to LWD
If IT is 10Y7M as posted by you then IT is =11Y for Gratuity payment ..
Have you not asked to supply ‘Notice of Determination of Gratuity’? Or has IT been supplied?
Kumar Doab (FIN) 02 March 2018
Have you not checked with authority under Education Act in your state/Dirctorate of Education..!
Anupam Jaiswal 03 March 2018
Anupam Jaiswal 03 March 2018