Get Gratuity Nomination Form G

On first page of gratuity nomination form F the detail like establishment details, employee name and nominee details have to be filled. On second page of gratuity nomination form F consists employee details, employee signature, witnesses signature and employer signature are required.

The Gratuity calculation formula is: Gratuity = (15 × last drawn salary × working tenure)/30. For instance, if you have worked for a company for seven years, the organisation is not covered under the Gratuity Act. And your basic salary was Rs. 35,000.

The last drawn salary is divided by 26 and then multiplied by 15 to get the gratuity per year. The basic component of the last drawn salary is taken into account. Also, for government employees, dearness allowance is accounted for.

On gratuity form I we have to write full name of employee and his complete address, department in which he has worked, employee number, date of appointment, date and reason for termination of service, total period of service, last drawn salary.

Usually, gratuity is payable to an employee if he/she leaves an organisation after the completion of five years of continuous service. However, in case of a death of an employee, the gratuity amount will be payable to the nominee irrespective of whether the five years have been completed or not.

How do I fill out a nominee form? I, _ , hereby nominate the person/persons mentioned below who is/are member/members of my family, and confer on him/them the right to receive, to the extent specified below, any gratuity the payment of which may be authorized by the Central govt.

[date here] in the manner indicated below and therefore nominate afresh the person(s) mentioned below to receive the gratuity payable after my death as also the gratuity standing to my credit in the event of my death before that amount has become payable, or having become payable has not been paid direct that the said ...

Gratuity forms a part of an individual's salary. It is one of the components that make up the gross salary of an individual. In other words, it is a sum of money that is paid to an employee when his employment term ends. It is a form of acknowledgement given to an employee for the services that he has rendered.