Retirement Gratuity Calculation Formula, Telangana State Government has given the GO.99 on July 21st, 2015 for Enhancement of maximum limit of Retirement Gratuity from Rs.8,00,000/- to Rs.12,00,000/-.
The TS Government accepted the recommendations of the Pay Revision Commissioner and the maximum limit of Retirement Gratuity ordered in GO.Ms. No.51 Finance (Pen.I) Department dated 01.04.2011(Accordingly Government ordered that the maximum limit of Retirement Gratuity ordered in G.O.Ms.No.101, Finance (Pen.I) Department, dated 06.4.2010 be enhanced from Rs. 7,00,000/- to Rs.8,00,000/- ) be raised from Rs. 8,00,000/- (Rupees Eight lakhs only) to Rs.12,00,000/-(Rupees Twelve Lakhs only).
The formula for calculation of Retirement Gratuity shall be followed as ordered in para 3 of G.O.Ms.No.14 Finance & Planning (FW: Pen.I) Department, dated 30.1.1999.
Rule 46 of the Andhra Pradesh Revised Pension Rules 1980
As per GO.14, Dated:31-01-1999
|Title||Retirement Gratuity Calculation Formula|
|Subject||The Government ordered that the Retirement Gratuity under rule 46 (1) (a) of R.P. Rules 1980 shall be granted/equal to l/4th of the pay last drawn for each completed six monthly periods of service|
The formula for calculation of Retirement Gratuity as follows:
The Government ordered that the Retirement Gratuity under rule 46 (1) (a) of R.P. Rules 1980 shall be granted/equal to l/4th of the pay last drawn for each completed six monthly periods of service (subject to a maximum of sixty-six times of such six-monthly periods) or 16 1/2 (sixteen and a half) months pay last drawn or Rs.12,00,000/- whichever is less. Emoluments for this purpose shall be as defined in rule 31 of Revised Pension Rules 1980.
1. Minimum service required for getting Gratuity: 5 years
2. Maximum gratuity payable Rs.12,00,000 From 02-06-2014 as per GO.Ms.No.99 Dated: 21-07-2105
3. GRATUITY:(from 01-04-2014)
c) LP+DA* ¼ * Qualifying Service Half Years
whichever is less.