Mmorpg 2024 Gratuity Formula

Mmorpg 2024 Gratuity Formula. Here, the last drawn salary refers to the basic salary and dearness allowance. For example, let us assume that the number of years of service is seven years, and the last drawn salary along with dearness allowance.


Mmorpg 2024 Gratuity Formula

For instance, you have worked with an xyz organisation for a total of 15 years. You can divide the amount by 12 for monthly gratuity calculation.

N Denotes The Tenure Of Service An Employee Has Completed In The Organisation.

Gratuity = (15 * last drawn salary *years served) / 26.

Gratuity = (Years Of Service X Last Drawn Basic Salary) 15/ 26.

The gratuity calculator uses the formula:

Here, The Last Drawn Salary Refers To The Basic Salary And Dearness Allowance.

Images References :

Let Us Look At This Formula Into Its Elements:

S stands for last drawn salary.

Where Y Stands For The Number Of Years Of Continuous Service In The Organisation, And.

N = number of years of service.

The Formula For Calculating Gratuity Is As Follows: