What about the gratuity,how to calculate the employees about 50000 salaried people

Question

Accepted Answer

Gratuity for 50000 salaried employees can be calculated based on their salary and years of service.

Gratuity is a statutory benefit provided to employees upon completion of a certain period of service.
The calculation of gratuity depends on the employee's salary and the number of years they have worked.
The formula to calculate gratuity is: (Last drawn salary * 15/26) * number of years of service.
For example, if an employee's last drawn salary is $50,000 and they have worked for 10 years, the gratuity amount would be: ($50,000 * 15/26) * 10 = $288,461.54.
It is important to consider any applicable laws or regulations regarding gratuity calculation in the specific jurisdiction.