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#📚एजुकेशनल ज्ञान📝
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![📚एजुकेशनल ज्ञान📝 - MEANINGORGRATUITY CALCULATIONINSALARY WHAT IS GRATUITY? lump sum payment made by A an employer to an employee for services rendered REWARD FOR LONG SERVICE] KEY RULES (Example based on common laws) ELIGIBILITY DURATION QUALIFICATION MAX LMIT PAYOUT Mandated by Normally after Based on last Specific Paid upon separation 5+ years of basic salary lawin many maximum countries] continuous DA tax-free limits etirement (e.g , <20 Lakhs) Resignation (e.g"' Payment of service Termination Or Gratulty Act) Death/Disablement) HOW IS GRATUITY CALCULATED? SALARY Last Basic + DA X15 X YEARS QF GRATUITY 5 261 SERVICE CALCULATION INPUTS (Example) 30,000 X 15 x 10 = Salary 26 Last Month DA): ২30,000 (Basic 71,73,077 Years of Service: १० Years (Approx) MEANINGORGRATUITY CALCULATIONINSALARY WHAT IS GRATUITY? lump sum payment made by A an employer to an employee for services rendered REWARD FOR LONG SERVICE] KEY RULES (Example based on common laws) ELIGIBILITY DURATION QUALIFICATION MAX LMIT PAYOUT Mandated by Normally after Based on last Specific Paid upon separation 5+ years of basic salary lawin many maximum countries] continuous DA tax-free limits etirement (e.g , <20 Lakhs) Resignation (e.g"' Payment of service Termination Or Gratulty Act) Death/Disablement) HOW IS GRATUITY CALCULATED? SALARY Last Basic + DA X15 X YEARS QF GRATUITY 5 261 SERVICE CALCULATION INPUTS (Example) 30,000 X 15 x 10 = Salary 26 Last Month DA): ২30,000 (Basic 71,73,077 Years of Service: १० Years (Approx) - ShareChat](https://cdn4.sharechat.com/bd5223f_s1w/compressed_gm_40_img_438771_236e57c9_1779116436140_sc.jpg?tenant=sc&referrer=pwa-sharechat-service&f=140_sc.jpg "📚एजुकेशनल ज्ञान📝 - MEANINGORGRATUITY CALCULATIONINSALARY WHAT IS GRATUITY? lump sum payment made by A an employer to an employee for services rendered REWARD FOR LONG SERVICE] KEY RULES (Example based on common laws) ELIGIBILITY DURATION QUALIFICATION MAX LMIT PAYOUT Mandated by Normally after Based on last Specific Paid upon separation 5+ years of basic salary lawin many maximum countries] continuous DA tax-free limits etirement (e.g , <20 Lakhs) Resignation (e.g\"' Payment of service Termination Or Gratulty Act) Death/Disablement) HOW IS GRATUITY CALCULATED? SALARY Last Basic + DA X15 X YEARS QF GRATUITY 5 261 SERVICE CALCULATION INPUTS (Example) 30,000 X 15 x 10 = Salary 26 Last Month DA): ২30,000 (Basic 71,73,077 Years of Service: १० Years (Approx) MEANINGORGRATUITY CALCULATIONINSALARY WHAT IS GRATUITY? lump sum payment made by A an employer to an employee for services rendered REWARD FOR LONG SERVICE] KEY RULES (Example based on common laws) ELIGIBILITY DURATION QUALIFICATION MAX LMIT PAYOUT Mandated by Normally after Based on last Specific Paid upon separation 5+ years of basic salary lawin many maximum countries] continuous DA tax-free limits etirement (e.g , <20 Lakhs) Resignation (e.g\"' Payment of service Termination Or Gratulty Act) Death/Disablement) HOW IS GRATUITY CALCULATED? SALARY Last Basic + DA X15 X YEARS QF GRATUITY 5 261 SERVICE CALCULATION INPUTS (Example) 30,000 X 15 x 10 = Salary 26 Last Month DA): ২30,000 (Basic 71,73,077 Years of Service: १० Years (Approx) - ShareChat")