How to calculate indemnity ?
posted by Indemnity on Wednesday, April 17, 2019
Please tell me how to calculate indemnity. 2 questions more :
1. Is it true that if we complete 10 years of service in Kuwait, then the indemnity benefits are more. I have completed 7.5 years of service in Kuwait.
2. For indemnity calculation, is the basic salary taken into account OR the total salary including allowances ?
Pls answer
Posted On
4/16/2019
9:40:22 PM
by
Indemnity
Please copy and past the following link to the address bar of your browser and press enter, you will get your answer by entering the values there. You can do trial and error to find out the answers. http://www.kuwaitup2date.com/indemnity/
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Posted On
4/16/2019
11:01:25 PM
by
Peace Maker
you will get only 2/3rd of the indemity if you don''t complete 10 years. Total salary including allowance to be taken for indemnity calculation.
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Posted On
4/16/2019
11:45:57 PM
by
Idli Dosa
1. if you complete 10 years then you will get full indemnity irrespective of if you resign or get terminated.
2. total salary what you get in hands should be considered but most co. are not using this formula and pay based on basic.
Note: As per peace maker you will get 2/3 indemnity. to get full advantage some how get terminated to receive full indemnity. we are here to make money not to do charity.
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