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How Gratuity fund calculated? Why government’s move triggers joy

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The government’s move to double gratuity limit for formal sector employees to Rs. 20 lakh, from the current limit of Rs. 10 lakh is garnering all round praises from all quarters.Meanwhile, many of us do not know the structure of gratuity amount.Here take a look on How gratuity of an employee is calculated:Last drawn salary (basic salary plus dearness allowance) X number of completed years of service X 15/26Eligibility in India: As per Gratuity Act 1972 is 5 years.However, an employer can give higher gratuity than the amount under the prescribed formula.NYOOOZ TV Videos - Dedicated to bringing you the latest and best in politics, sports, current affairs and entertainment world. From traditional sports like cricket to best Bollywood entertainment news, NYOOOZ TV is a must watch for news updates.Download our Apps on :Google Play Store : https://play.google.com/store/apps/de... Apple Istore https://itunes.apple.com/us/app/newzs... Our Website http://www.nyoooz.com

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How Gratuity fund calculated? Why government’s move triggers joy government’s move to double gratuity limit for formal sector employees Rs. 20 lakh from the current limit of Rs. 10 lakh As per Gratuity Act 1972 basic salary plus dearness allowance
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