Gratuity

I will complete 5 years in Aug'24. How do I check how much gratuity would I be eligible for? And how does it work when switching jobs?

22mo ago

GroovyNoodle

TCS

22mo

The formula is: (15 * Your last drawn salary * the working tenure) / 30. For example, you have a basic salary of Rs 30,000. You have rendered continuous service of 7 years and the employer is not covered under the Gratuity Act. Gratuity Amount = (15 * 30,000 * 7) / 30 = Rs 1,05,000.

DancingPretzel

Incedo

22mo

Seriously this is the formula? Basic salary is so low in TCS so the total gratuity would never reach 1 lakh 🤦

GroovyNoodle

TCS

22mo

In Accenture the salary you can structure on your own.. one of.my known defined 80k basic and same package in TCS getting 45k

JumpyRaccoon

TCS

22mo

Hi, You should see your Gratuity amount in your payslip. It is mentioned clearly in the payslip. When you switch, it will be paid to you with your FFS