Mmo 2024 Gratuity Formula

Mmo 2024 Gratuity Formula. For employees who are covered under the payment of gratuity act, the following formula is used to calculate the gratuity amount:. Here are the frequently asked questions regarding the gratuity calculation.

Gratuity calculator is to estimate the amount of gratuity an employee is entitled to receive from their employer as a part of their employee benefits package. Gratuity = (15 * last drawn salary *years served) / 26.