Employee Gratuity Settlement is a component of Open HRMS suit. This module manages employee settlements during resignation process.
A Gratuity Settlement can be created only if the Resignation Request of the employee is approved.
The Gratuity amount is calculated by the basic equation, Last drawn salary (basic salary plus dearness allowance) * number of completed years of service * 15/26.
Features
Manager can create Gratuity Settlements of Employees.
A settlement can be created only if the Resignation Request of the employee is approved.
The Gratuity Amount is calculated based on a predefined equation.
Screenshots
You can create Gratuity Settlement once the 'Resignation Request' of the employee is approved.
Select the Employee and click 'Validate'.
The last salary of employee is calculated from his latest payslip. Click 'Calculate' to calculate the Gratuity amount.
The Gratuity amount is calculated based on the basic equation.
