This utility will calculate the period of service, date of retirement, date of starting pension & family pension, date and amount of next increment, amount of pension & family pension, gratuity, C.V.P., and all related calculations for superannuation case only.
Retiring gratuity is 16½ times the last pay. Death gratuity is applicable if the employee dies while in service and it is 33 times the last pay. Maximum amount of retiring gratuity / death gratuity is Rs. 6,00,000/-.
Qualifying Service Calculation: Date of Superannuation – Date of appointment – Period of E.L – Period of suspension. Below 3 months of service will not be counted. Three or more than three months of service will be counted as next 6 months qualifying service.