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