Scribd
Upload
3K views3 pages

GOSI & Gratuity Calculation Formula in KSA

The document outlines GOSI salary calculation formulas for Saudi and non-Saudi employees. For non-Saudis, the GOSI salary is either the basic salary if it is below 400, or the basic salary plus a housing allowance factor percentage of the basic salary divided by 12 if the basic salary is 400 or above. For Saudis, the GOSI salary is either the basic salary if it is below 3,000 or the basic salary plus an HRA factor percentage of the basic salary divided by 12 if the basic salary is 3,000 or above. It also includes employer and employee GOSI contribution percentages. The gratuity calculation considers the employee's package, service years, and resignation/termination circumstances to determine the

Uploaded by

Saquib Mahmood
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
3K views3 pages

GOSI & Gratuity Calculation Formula in KSA

The document outlines GOSI salary calculation formulas for Saudi and non-Saudi employees. For non-Saudis, the GOSI salary is either the basic salary if it is below 400, or the basic salary plus a housing allowance factor percentage of the basic salary divided by 12 if the basic salary is 400 or above. For Saudis, the GOSI salary is either the basic salary if it is below 3,000 or the basic salary plus an HRA factor percentage of the basic salary divided by 12 if the basic salary is 3,000 or above. It also includes employer and employee GOSI contribution percentages. The gratuity calculation considers the employee's package, service years, and resignation/termination circumstances to determine the

Uploaded by

Saquib Mahmood
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 3

GOSI Salary Calculation Formula

Non Saudi
Basic Salary
1-400
400 +

Housing
No Housing
No Housing

400 +

HRA Factor
(2,3,4)

GOSI Salary
400
(Basic Salary + (Basic Salary * 2 )) /
12
(Basic Salary + (Basic Salary * HRA
Factor )) /12

Saudi
Basic Salary
1-3000
3000 +
3000 +

Housing
No Housing
No Housing
HRA Factor
(2,3,4)
Royal
Commission

3000 +

GOSI Salary
3000
Basic Salary
(Basic Salary + (Basic Salary * HRA
Factor )) /12
Basic Salary + Royal Commission
Housing Amount (given in
Assignment Screen)

For Saudi:
Element

Percentage

Employer GOSI Annuities


Employee GOSI Annuities
Employer GOSI Hazards

9%
9%
2%

For Expat
Element
Employer GOSI
Hazards

Percenta
ge
2%

Gratuity Calculation (As per Personal Team)


Package:
Package for calculating salary is composed of the following elements as per
employees entitlement:
1.
2.
3.
4.
5.

Basic Salary
Housing Allowance
Food Allowance
Transport Allowance
Work Type Allowance

Slabs:
Slab
#
1
2

Service years
Between 1 to 5 (starts after 90 days)
Greater than 5 years

Proportion/Ratio of
Package
Package* 1/2 (Half Package)
Package * 1 (Full package)

Mode of Calculation:
Termination:
Service Period
(years)
1 to
5
>5
For 1 to 5 Year
Remaining
Year

Sla
b
1

Proporti
on
-

Calculation(Slab *
proportion)
1

Proratio
n
Yes

Yes

Yes

Sla
b
1

Proporti
on
1/3

Calculation(Slab *
proportion)
1*1/3

Proratio
n
Yes

1
2

2/3
2/3

1*2/3
2*2/3

Yes
Yes

Resignation:
Service Period
(years)
2 to
5
>5
For 1 to 5 Year
Remaining
Year

End of Contract
Service Period (years)
If full contract completed with
proper notice period served

Sla
b
1

Proport
ion
-

Calculation(Slab *
proportion)
1

Prorat
ion
Yes

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy