Death Gratuity Calculator: Know how to calculate entitlements and more
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Death Gratuity Calculator: Know how to calculate entitlements and more
In the event of an unfortunate death or disablement, the government has waived off the requirement of any minimum eligibility period
May 21, 2020
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Take this money before leaving job - Gratuity 💸 🔶But how to calculate gratuity amount? 🔶As per Payment of gratuity Act, 1972; Gratuity amount is calculated as - Your last drawn salary × tenure of working × 15/26 🔶Last drawn salary includes your basic salary & dearness allowance 🔶If the number of years you gave worked in the last year of employment is more than 6️⃣months, then it is rounded of the nearest figure 🔶Under the gratuity act, employer is liable to pay maximum 20 lacs as gratuity
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