Determining loanable gratuity

Use this procedure to calculate the estimated loanable gratuity of the resource based on their last month's salary and tenure-based multiplier to determine if the Loan Against Gratuity being applied for by the resource is within the accrued gratuity that they are entitled to as of the date specified.

Select Administrator > Resources > Resources.
Open the resource.
On the Payroll tab, click the Calculate Loanable Gratuity tab, and specify this information:

Length of Service Years

Specify the resource's years of service.

Last Month's Salary

Specify the resource's previous month's salary.

The loanable amount is calculated and the Estimated Loanable Gratuity field is populated.