11th BPS Calculator – know the various formulae for calculating the components of wage revision like how to calculate gratuity or commutation or pension. Here is the list of all the calculation, Check it now.
Calculate COMMUTATION:-
Amount of commutation = commuted pension X12 X commutation factor for next birth day.
How to Calculate GRATUITY :-
(a) Amt. of Service Gratuity =
(i) (for service length upto 15 years) = Pay X Service Length
(ii) (for service length >15years, but not> 30 years)= Pay X 15
(iii) (for service length > 30 years)= (Pay X 15)+ (Service beyond 30 yearsXPay / 2).
Service gratuity has no ceiling limit.
(b) Gratuity payable as per Act :-
Amt. of gratuity payable = (Pay + DA) X Service Length X 15 / 26 (definition of pay includes only those amounts which rank for P/F).
As per gratuity act, amount of payable gratuity can not exceed Rs=20,00,000/-.
Also Read – 11th BPS – Calculate your Expected Basic Pay with 15% Hike
Know your PENSION :-
(i) Employee’s Pension = Last 10 months’ Average Emoluments X Service Length (maximum 33yrs) / 66.
(ii) Normal Family Pension = 15%, 20% or 30% (depending on employee’s basic pay) of Last drawn pay of the employee.
(iii) Enhanced Family Pension = 2X Normal Family Pension, but it can not exceed 50% of employee’s last drawn pay.
