An employee working in a factory retires from service after rendering continuous service for a period of twenty four years. The last wages drawn by the employee before retirement was Rs. 39,000/- per month. What is the amount of gratuity the employee shall be entitled to?
A. Rs. 5,40,000/-
B. Rs. 4,68,000/-
C. Rs. 5,28,000/-
D. Rs. 4,94,000/-
Answer:A
An employee working in a factory retires from service after rendering continuous service for a period of twenty four years. The last wages drawn by the employee before retirement was Rs. 39,000/- per month. What is the amount of gratuity the employee shall be entitled to?
A. Rs. 5,40,000/- B. Rs. 4,68,000/- C. Rs. 5,28,000/- D. Rs. 4,94,000/-