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Hello Sir..
Grautity Formula : Basic + Da * 15 * No of Years / 26
26: No of Working Days per Month i.e Common
For Example :
If an eployee working more than 6 months treat as one year. But you want to calculate correct amount then use this formula
For 10 Years 2 Months 15 Days
For One Year approximately 2 month goes to leave that is govt holidays..
so we take 10/12 = 0.83
0.83 * 2.15 ( that is month and days )
we get 1.7845 then we take year as 10.17845
grautity = 6000 (Basic 4000 DA 2000) * 15 * 10.17845 / 26
= Rs.35,233.00
Grautity Formula : Basic + Da * 15 * No of Years / 26
26: No of Working Days per Month i.e Common
For Example :
If an eployee working more than 6 months treat as one year. But you want to calculate correct amount then use this formula
For 10 Years 2 Months 15 Days
For One Year approximately 2 month goes to leave that is govt holidays..
so we take 10/12 = 0.83
0.83 * 2.15 ( that is month and days )
we get 1.7845 then we take year as 10.17845
grautity = 6000 (Basic 4000 DA 2000) * 15 * 10.17845 / 26
= Rs.35,233.00
Balasubramaniam Ponnusamy
Balasubramaniam
HR Officer
C P AQUACULTURE (INDIA) PVT LTD
Chennai, TN
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