Bonus Last Drawn Salary
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I am working with a private company for the last 7.5 years. On 1st April, they revised the salary structure along with the increment. Earlier, we had basic + DA in our salary structure, but now onwards, although they had increased the basic, they reduced the DA ...
Reducing the statutory salary (the sum of Basic + DA) is not a good HR practice. Therefore, the matter involves an industrial dispute issue. The company should have given advance notice of such changes. However, being a left employee, you have limitations to fig...
Hello everyone. I joined a company in Bangalore in March 2011\. Now, I have a better opportunity with another organization, and the current employer is troublesome too. I need to wait for at least 6 more months. Is it wise for me to leave before receiving my gra...
Last drawn Basic + DA will be considered for calculation of Gratuity.5 years service in organisation is the minimum eligible criteriaGratuity = Last drawn wages × 15/26 × 5 (Completed years of Service)Calculate the Hike Amount, If the hike amount is more than th...
What do we mean by DA or dearness allowance? This confuses me.
Yes, DA stands for Dearness Allowances. If the company is providing it, otherwise the last drawn Basic will be considered.
First of all, you have not completed the required minimum service of 5 years under the Payment of Gratuity Act. You mentioned that you joined in 2011, so you will be eligible only in 2016\. For the computation of Gratuity, the last salary drawn with Basic and DA...
Only Basic + DA will be considered for the calculation of Gratuity.–-I have corrected the spelling and grammar errors in your text. I have also ensured proper paragraph formatting. Let me know if you need any further assistance.
Dear Sir,My basic salary till 5 years 11 months is Rs. 5000/-, and in the 12th month (last month of my employment), it was increased to Rs. 15000/- before I left the job.I am seeking guidance on how my gratuity will be calculated. Will it be based on the increas...
Dear Sir,As your last drawn basic salary is Rs. 15,000/-, your gratuity calculation will be:Gratuity = 15000 * 15/26 * 6Therefore, your gratuity amount will be Rs. 51,923.