Which of the following formulae is taken for calculating the gratuity...

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Which of the following formulae is taken for calculating the gratuity for an employees under the Payment of Gratuity Act, 1972?

A. Monthly rate of wages last drawn × 15 × number of years worked ÷ 26

B. Monthly rate of wages last drawn × 26 × number of years worked ÷ 15

C. Monthly rate of wages last drawn × 30 × number of years worked ÷ 26

D. Monthly rate of wages last drawn × 30 × number of years worked ÷ 15

Answer: Option A

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