Gratuity: 'It will rain money' if you understand this calculation of Gratuity..

If you are also included in that list who work in the same company for a long time, then gratuity can make your future rich. This is a kind of retirement benefit for you, which is given to you by the company. By the way, if you have worked in the same company for 15 years and your last salary is around ₹ 25,000, ₹ 30,000, or ₹ 40,000, then the amount of gratuity can also reach lakhs. But for this, a simple calculation will need to be understood. Karnataka GST Case: Notice of ₹ 29 lakh received from UPI Payment, what is the whole matter? When will you get gratuity?
If you have worked continuously for 5 years or more in the same company, then you become entitled to get gratuity. In a way, it can also be called a loyalty bonus. Gratuity is given under the Payment of Gratuity Act, 1972. This fund is given at the time of retirement, leaving the job, etc.

What is the formula for gratuity calculation?

By the way, this provision of gratuity has been made keeping in mind the safety and future of the employees. Its calculation is as follows: Gratuity = (15 × last salary × number of years of service) ÷ 26. That is, last salary = basic salary + DA (dearness allowance).

By which formula will you get the funds?
If you work in the same company for a long time, then you can get a large amount in the form of gratuity. It is calculated using a fixed formula: (15 × last salary × years of service) ÷ 26. Yes, let's assume that if your salary is ₹25,000 and you have worked for 15 years in the company, then you will get gratuity of around ₹2.16 lakhs (Gratuity = (15 × 25,000 × 15)/26 = Rs. 2,16,346, i.e. around 2.16 lakhs), but on a salary of ₹30,000, you will get ₹2.59 lakhs (15 × 30,000 × 15)/26 = Rs. 2,59,615, i.e. around 5.60 lakhs) and on ₹40,000, you will get ₹3.46 lakhs (15 × 40,000 × 15)/26 = 3,46,153 rupees i.e. about 3.46 lakhs. If someone's salary is only 20,000 rupees, then 20,000 × 15 (15/26) = 173,076.92 rupees. The special thing is that this amount is tax-free. Upcoming IPO: IPO blast! 5 new issues and 3 listings this week

What will be the calculation for 9 years?

Yes, let's assume that if the period of working in your company is 8 years and 8 months, then we also assume that you can get the calculation of gratuity as per 9 years. Well, if we assume that your last salary is ₹25,000, then you can get around ₹1.30 lakh, ₹1.55 lakh on ₹30,000, and ₹2.07 lakh on ₹40,000. Bond Investment: It is necessary to check these 6 things, BSE-NSE gave strict advisory

Will the company refuse to give gratuity?
If you think whether the company can refuse to give gratuity, then the answer is no. Every company comes under the purview of 'Payment of Gratuity Act, 1972', so it cannot legally refuse to give gratuity.

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