Formula (Unlimited Contract):
- 1 to 3 years of service
Gratuity = (Basic salary x 7 days x service years)/30 - 3 to 5 years of service
Gratuity = (Basic salary x 14 days x service years)/30 - 5 or more years of service
Gratuity = (Basic salary x 21 days x service years)/30
Formula (Limited Contract):
- 1 to 5 years of service
Gratuity = (Basic salary x 21 days x service years)/30 - 5 or more years of service
Gratuity = (Basic salary x 30 days x service years)/30