Tushar Jha (Advisor) 25 May 2014

Gratuity calculation

Hello Everyone,

Can you please determine the amount payable to me under Payment of Gratuity Act,1972.

My monthly remuneration structure is as follows :-

Basic Pay - Rs. 1,55,000/-

H.R.A. (@30%of Basic) - Rs. 46,500/-

Other Allowances (@20%) - Rs. 31,000/-

Conveyance Allowance - Rs. 800/-

Medical Reimbursement - Rs. 1,250/-

Medical Insurance - Rs. 619/-

Bonus - Rs. 15,492/-

-------------------------------------------------------

Total CTC per month - Rs. 2,50,660/-

Also,please let me know what all is included under Dearness Allowance while determining Gratuity.

My Period of Employment was w.e.f. April,11th,2008 & my date of resignation was Feb,11th,2014.
Total Period of Employment - 5 Years 10 Months.

My company (in question) was an Infrastructure development company & I was Assistant General Manager(Projects).

Awaiting your response.

Thanks & Regards,
Vishal G. Saha.

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5 Replies

Kumar Doab (FIN) 28 May 2014

{( Basic+DA)/26*15*No. of years in service}

Basic+DA as per last drawn salary.

Since in 6th year you have worked for >6M you may count it as 6Y.

Tushar Jha (Advisor) 28 May 2014

What does DA include ? Kindly clarify what is include from these :-

H.R.A.

Other Allowances (@20%)

Conveyance Allowance

Medical Reimbursement

Medical Insurance

Bonus

Kumar Doab (FIN) 29 May 2014

None of the above mentioned by you.

Tushar Jha (Advisor) 03 June 2014

Kindly throw some light as to how Dearness Allowance is calculated

Kumar Doab (FIN) 04 June 2014

For kind of high salary you were earning follow the company's internal policies..................................download the printed version and stake your claim...........

For generic knowledge search internet or consult your lawyer in person.