# Employee Gratuity Settlement

### Create Gratuity Settlements for Employees During Resignation

## Key Highlights

- Probation period in employee contract.
- Manager can create Gratuity Settlements of Employees.
- A settlement can be created only if the employee have any running contract.
- Manager can create different gratuity Configration.
- The Gratuity Amount is calculated based on a predefined equation.
- If the wage type is hourly then gratuity payment is calculated as employee basic salary * Employee Daily Wage Days * gratuity configration rule percentage * gratuity calculation years.
- If the wage type is monthly then gratuity payment is calculated as employee basic salary * (Working Days/Employee Daily Wage Days) * gratuity configration rule percentage * gratuity calculation years.

## Overview

### Employee Gratuity Settlement is a component of Open HRMS suit. This module manages employee settlements. A Gratuity Settlement can be created only if the employee have any running contract .

## Employee Gratuity Settlement

- Probation period in employee contract.
- Manager can create Gratuity Settlements of Employees.
- A settlement can be created only if the employee have any running contract.
- Manager can create different gratuity Configration.
- The Gratuity Amount is calculated based on a predefined equation.
- If the wage type is hourly then gratuity payment is calculated as employee basic salary * Employee Daily Wage Days * gratuity configration rule percentage * gratuity calculation years.
- If the wage type is monthly then gratuity payment is calculated as employee basic salary * (Working Days/Employee Daily Wage Days) * gratuity configration rule percentage * gratuity calculation years.

## Screenshots

### You can create Gratuity Settlement from payroll configration.Payroll->Configration->Gratuity Configration

### Set up the gratuity configration and set the contract type if contract type is limited then during gratuity settlement if you have not specify the end date for contract, gratuity configration of limited type will be taken.

### Set up the gratuity configration and select contract type,if contract type is Unlimited then during gratuity settlement if you have specify the end date for contract, gratuity configration of Unlimited type will be taken.

### Now create contract for the employee and set up the wage type.

### You can create gratuity settlement from 'End of service' menu.Payroll->End of service.

### By selecting the employee, if the employee have running contract,contract type of employee gets selected,And gratuity amount gets calculated. Gratuity payment is calculated based on wage type in the contract form. If wage type is hourly then gratuity payment is calculated as employee salary * Total number of days employee worked * gratuity configration rule percentage * employee gratuity years. If wage type is monthly then gratuity payment is calculated as (employee salary/Total number of employee wage days) * Total number of days employee worked * gratuity configration rule percentage * employee gratuity years.

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