How Gratuity would factor in the CTC?

It might be useful for you for calculation of Gratuity while working out CTC. Till now we too were calculating gratuity @ 4.83% which because we assume a month to be comprised of 26 working days while calculating Gratuity.
GRATUITY SHOULD BE CALCULATED AT 4.83%

CALCULATION IS AS FOLLOWS:

LOGIC BEHIND 4.83%

15 DAYS SALARY FOR 1 YEAR
MONTH IS COMPRISED OF 26 WORKING DAYS NOT 30 DAYS
IT MEANS 57.69 % OF MONTHLY BASIC IS PAYABLE (15*100/26)
OR
0.58 MONTHS BASIC FOR 1 YEAR
OR
0.58*5 MONTHS BASIC FOR 5 YEARS
OR
2.9 MONTHS BASIC FOR 60 MONTHS (12 X 5)

NOW 2.9 IS HOW MUCH %AGE OF 60 ?

2.9 X 100/ 60 = 4.83 %

HENCE GRATUITY SHOULD BE CALCULATED @ 4.83%