Last year, Coal India Limited had implemented the 3rd PRC recommendations for the employees working in the PSU and its subsidiaries.
After the implementation of 3rd PRC, the Gratuity ceiling for the this Maharatna PSU is now 20 Lakhs from 01 January 2017.
Here we are going to see the online formula for calculating the Gratuity amount for the executives/nonexecutives working in the company.
This Gratuity calculator will be valid for the CIL and the all subsidiaries companies under it whose names are as follows.
- Eastern Coalfields Limited (ECL)
- Bharat Coking Coal Limited (BCCL)
- Central Coalfields Limited (CCL)
- Western Coalfields Limited (WCL)
- South Eastern Coalfields Limited (SECL)
- Northern Coalfields Limited (NCL)
- Mahanadi Coalfields Limited (MCL)