GRATUITY:
(A) UNDER REVISION RULES AND PAYMENT OF
GRATUITY ACT, 1972
(B) UNDER REVISION RULES
CLASS I
& II OFFICERS
ELIGIBILITY 15 YEARS SERVICE
RATE OF GRATUITY
(I)FOR FIRST 30 YEARS ONE MONTH’S TERMINAL BASIC PAY FOR
EACH YEAR’S SERVICE
SUBJECT TO MAXIMUM OF 15 MONTHS TERMINAL ‘PAY’
(II)BEYOND 30 YEARS 1/2 MONTH’S PAY FOR EACH YEAR OF SERVICE
CLASS III & IV EMPLOYEES
(I)FIRST 15 YEARS ONE MONTH’S TERMINAL ‘PAY’ FOR EACH YEAR’S
SERVICE
(II)BEYOND 15 YEARS 1/2
MONTH’S PAY FOR EACH YEAR OF SERVICE
MAXIMUM 20 MONTHS TERMINAL ‘PAY’
‘PAY’ MEANS BASIC PAY, STAGNATION INCREMENT, ELIGIBLE
SPECIAL ALLOWANCE+ GRADUATION ALLOWANCE TO ASSISTANT/STENO + FPA
(C) AS PER PAYMENT OF GRATUITY ACT, 1972(FOR ALL
CLASSES OF EMPLOYEES)
ELIGIBILITY
5
YEARS CONTINUOUS SERVICE
RATE OF GRATUITY FORMULA=TERMINAL ‘PAY’*15/26*NO.
OF YEARS OF SERVICE
MAXIMUM 10 LAKHS
TERMINAL ‘PAY’ MEANS BASIC PAY, STAGNATION INCREMENT,
ELIGIBLE SPECIAL ALLOWANCE+ GRADUATION ALLOWANCE TO ASSISTANT/STENO + DEARNESS
ALLOWANCE
GRATUITY ADMISSIBLE IS EITHER (B) OR (C) WHICHEVER IS
FAVOURABLE
