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Jamabandi Punjab, Fard Jamabandi Punjab Online @jamabandi.punjab.gov.in , Punjab Land Record, Fard Request and Fard Request Status Online check

Jamabandi Punjab - A portal launched by the State Government of Punjab to facilitate their Citizens so that they can check their Land records or other revenue related works online from their home. One can access this Jamabandi Punjab portal from anywhere and at any time. There is no need to visit the State Government Revenue Department for land related works or other documents, one can perform all these tasks online via this portal. Jamabandi Punjab portal also named as PLRS i.e Punjab Land Record Society. Jamabandi Punjab - Services one can avail on Jamabandi Punjab Portal:- One can avail various services related to their land on this portal, few of them are as follows:- Mutation Status Check Jamabandi Mutation Mutation Status After registry Online Fard Request Fard Request Status Roznamcha Nakal Verification Property Tax Reguster Cadastral Map Registry Deed Copy Attestation Water/Sewerage Connection Status Integrated Property Jamabandi Punjab - Online Jamabandi Check Procedure:- Visi

Gratuity - Eligibility, Formula and Calculation

 


Gratuity :- 

If you are working in a Organization, you are given an amount of money from the employer's end in return of the services you offered for the organization.One can get the gratuity amount after the completion of 5 years with the organization.


Eligibility Criteria for Gratuity Payment:-


  • Must served for 5 years with in the organization.
  • Can get the Gratuity Amount after the retirement from the job.

Factors on which Gratuity Payment depends:-

Basically Gratuity Payment depends on two factor :-

1) Last drawn basic Salary.
2) No of years served in an organization.


Gratuity Formula:-



One can calculate his/her Gratuity Amount by using below formula:-

Gratuity = N*B*15/26

N = Employment Tenure Period
B = Last Basic Salary drawn



Gratuity Calculation:-



The Gratuity Calculation depends up on the categories the employee fall on. Employees can be divided in to two categories :-

1) Employees Covered under the Gratuity Act
2) Employees Not Covered Under the Gratuity Act

Gratuity Calculation for Employees Covered Under the Gratuity Act:-



One can use the below formula in order to calculate the Gratuity Amount:-

Gratuity Amount = (15*Last Basic Salary Drawn*Total Tenure)/26
 
For Example - If your last drawn basic salary is Rs 50,000 and your employment tenure is 30 years, then your Gratuity amount will be :-

Gratuity Amount = (15*50,000*30)26 = Rs 8,65,385 /-

If the total tenure period is 5 year 5 month, Gratuity will be calculated as per 5 year as a tenure period however if it is 5 Years 7 Month, you will get Gratuity amount for 6 years tenure.

Gratuity Calculation for Employees Not Covered Under the Gratuity Act:-


One can use the below formula to calculate the Gratuity Amount Not Covered under the Gratuity Act:-

Gratuity Amount = (15*Last Basic Salary Drawn*Tenure Period)/30.

For Example- If the last drawn basic salary is Rs 50,000 and total employment service is 30 Years then Gratuity Amount will be:-

Gratuity Amount = (15*50,000*30)30 = Rs 7,50,000 /-


In case of the death of an employee, criteria for Gratuity Payment will changed.
 
Below is the criteria of Gratuity Payment in case of one's death.



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