Horoscope 2024 Gratuity Formula. How is gratuity pay calculated? Only those employees who have been employed by the company for five years or more are given the gratuity.
To understand how to calculate the gratuity amount, you first need to know the simple formula of gratuity calculation. The gratuity calculation formula is:
Gratuity Amount = 10 X 10000 X 15/26 = Inr 57,692.
Any institute with more than 10 employees working needs to pay gratuity to their employees.
N = Number Of Years Of Service.
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Gratuity = (15 X 30,000 X 10) / 26 Gratuity.
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To understand how to calculate the gratuity amount, you first need to know the simple formula of gratuity calculation.
The Formula For Calculating Gratuity Is As Follows
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B Will Be Your Basic Pay Plus The Dearness Allowance.