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Gratuity Calculation

The document discusses the calculation of gratuity provision for employees. It states the company policy to provide gratuity equal to one gross salary for employees with over one year of service. It includes a table listing 57 employees with their names, hire dates, pay grades, and years/months/days of service. It also shows example salary components like basic pay, house rent, and utility allowance to calculate the gross pay used for gratuity.

Uploaded by

M Azeem Iqbal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as XLSX, PDF, TXT or read online on Scribd
126 views20 pages

Gratuity Calculation

The document discusses the calculation of gratuity provision for employees. It states the company policy to provide gratuity equal to one gross salary for employees with over one year of service. It includes a table listing 57 employees with their names, hire dates, pay grades, and years/months/days of service. It also shows example salary components like basic pay, house rent, and utility allowance to calculate the gross pay used for gratuity.

Uploaded by

M Azeem Iqbal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Provision for Gratuity - Calculation

Balance agreed with GL


Amount of provision recalculated

The policy is to provide an amount for Grtuity equal to one grross salary of each contractual employee having service of more than one year. Gratuity is paid equal to the one gross salar
leavers verified from salry sheets

Length of Service

Sr.
No.

Name

Date of Employment

1-Jan-2014

17-Jun-2013

Pay Grade

19/1

16/4

Year

Month

Days

14

Provision for Gratuity - Calculation

Balance agreed with GL


Amount of provision recalculated

The policy is to provide an amount for Grtuity equal to one grross salary of each contractual employee having service of more than one year. Gratuity is paid equal to the one gross salar
leavers verified from salry sheets

Length of Service

Sr.
No.
7

10

11

12

Name

Date of Employment

Pay Grade

Year

Month

Days

Provision for Gratuity - Calculation

Balance agreed with GL


Amount of provision recalculated

The policy is to provide an amount for Grtuity equal to one grross salary of each contractual employee having service of more than one year. Gratuity is paid equal to the one gross salar
leavers verified from salry sheets

Length of Service

Sr.
No.
13

14

15

16

17

18

Name

Date of Employment

Pay Grade

Year

Month

Days

Provision for Gratuity - Calculation

Balance agreed with GL


Amount of provision recalculated

The policy is to provide an amount for Grtuity equal to one grross salary of each contractual employee having service of more than one year. Gratuity is paid equal to the one gross salar
leavers verified from salry sheets

Length of Service

Sr.
No.
19

20

21

22

23

24

Name

Date of Employment

Pay Grade

Year

Month

Days

Provision for Gratuity - Calculation

Balance agreed with GL


Amount of provision recalculated

The policy is to provide an amount for Grtuity equal to one grross salary of each contractual employee having service of more than one year. Gratuity is paid equal to the one gross salar
leavers verified from salry sheets

Length of Service

Sr.
No.
25

26

27

28

29

30

Name

Date of Employment

Pay Grade

Year

Month

Days

Provision for Gratuity - Calculation

Balance agreed with GL


Amount of provision recalculated

The policy is to provide an amount for Grtuity equal to one grross salary of each contractual employee having service of more than one year. Gratuity is paid equal to the one gross salar
leavers verified from salry sheets

Length of Service

Sr.
No.
31

32

33

34

35

36

Name

Date of Employment

Pay Grade

Year

Month

Days

Provision for Gratuity - Calculation

Balance agreed with GL


Amount of provision recalculated

The policy is to provide an amount for Grtuity equal to one grross salary of each contractual employee having service of more than one year. Gratuity is paid equal to the one gross salar
leavers verified from salry sheets

Length of Service

Sr.
No.
37

38

39

40

41

42

Name

Date of Employment

Pay Grade

Year

Month

Days

Provision for Gratuity - Calculation

Balance agreed with GL


Amount of provision recalculated

The policy is to provide an amount for Grtuity equal to one grross salary of each contractual employee having service of more than one year. Gratuity is paid equal to the one gross salar
leavers verified from salry sheets

Length of Service

Sr.
No.
43

44

45

46

47

48

Name

Date of Employment

Pay Grade

Year

Month

Days

Provision for Gratuity - Calculation

Balance agreed with GL


Amount of provision recalculated

The policy is to provide an amount for Grtuity equal to one grross salary of each contractual employee having service of more than one year. Gratuity is paid equal to the one gross salar
leavers verified from salry sheets

Length of Service

Sr.
No.
49

50

51

52

53

54

Name

Date of Employment

Pay Grade

Year

Month

Days

Provision for Gratuity - Calculation

Balance agreed with GL


Amount of provision recalculated

The policy is to provide an amount for Grtuity equal to one grross salary of each contractual employee having service of more than one year. Gratuity is paid equal to the one gross salar
leavers verified from salry sheets

Length of Service

Sr.
No.
55

56

57

Name

Date of Employment

Pay Grade

Year

Month

Days

ne year. Gratuity is paid equal to the one gross salary for each service year completed or part there of exceeding six months.

Basic

House Rent

Utility Allowance

Gross Pay

200,000

80,000

20,000

300,000

50,000

20,000

5,000

75,000

ne year. Gratuity is paid equal to the one gross salary for each service year completed or part there of exceeding six months.

Basic

House Rent

Utility Allowance

Gross Pay

ne year. Gratuity is paid equal to the one gross salary for each service year completed or part there of exceeding six months.

Basic

House Rent

Utility Allowance

Gross Pay

ne year. Gratuity is paid equal to the one gross salary for each service year completed or part there of exceeding six months.

Basic

House Rent

Utility Allowance

Gross Pay

ne year. Gratuity is paid equal to the one gross salary for each service year completed or part there of exceeding six months.

Basic

House Rent

Utility Allowance

Gross Pay

ne year. Gratuity is paid equal to the one gross salary for each service year completed or part there of exceeding six months.

Basic

House Rent

Utility Allowance

Gross Pay

ne year. Gratuity is paid equal to the one gross salary for each service year completed or part there of exceeding six months.

Basic

House Rent

Utility Allowance

Gross Pay

ne year. Gratuity is paid equal to the one gross salary for each service year completed or part there of exceeding six months.

Basic

House Rent

Utility Allowance

Gross Pay

ne year. Gratuity is paid equal to the one gross salary for each service year completed or part there of exceeding six months.

Basic

House Rent

Utility Allowance

Gross Pay

ne year. Gratuity is paid equal to the one gross salary for each service year completed or part there of exceeding six months.

Basic

House Rent

Utility Allowance

Gross Pay

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