Q172
Which of the following formulae is taken for calculating the gratuity for an employees under the Payment of Gratuity Act, 1972?
A.
Monthly rate of wages last drawn × 15 × number of years worked ÷ 26
AnswerB.
Monthly rate of wages last drawn × 26 × number of years worked ÷ 15
C.
Monthly rate of wages last drawn × 30 × number of years worked ÷ 26
D.
Monthly rate of wages last drawn × 30 × number of years worked ÷ 15
Answer: Option A
Solution
Answer: Option A
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