For companies under the Gratuity Act in India, there's a formula for calculating this:
Number of years of completed service * last drawn salary * 15/26.
Here, the last drawn salary is the basic pay plus dearness allowance.
For companies under the Gratuity Act in India, there's a formula for calculating this:
Number of years of completed service * last drawn salary * 15/26.
Here, the last drawn salary is the basic pay plus dearness allowance.
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