Result:
Gratuity Amount: ₹0.00
Note:
The gratuity is calculated using the following formula:
Gratuity = (Basic Salary × Years of Service × 15) / 26
- The number "15" represents 15 days' salary for each year of service.
- The divisor "26" refers to the number of working days in a month as per the law.
- This formula applies to employees covered under the Payment of Gratuity Act, 1972 (India).
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