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May 08, 2013 at 01:44 PM

Gratuity Calculation

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In my scenario employee who has served 18 years for company, company will pay gratuity for 18 years,gratuity should be calculated based on current month basic/26days*15*no of service period years.?

after the configuration of above mentioned tables G1,G3,G5 and constant values DYSMN, GREYR, GRTYR, GRYCO, GRYTX. how the system will calculate the exact amount and how employee will get payment. I mean to ask that do we need to create a custom wage type.?