Recently, a major change has been made to the gratuity rules under the new labour code. Now, gratuity will be given even ...

Salaried employees receive gratuity payment as a part of their salary structure. Read on to know the formula and how it is taxed. Salaried employees receive gratuity payment as a part of their salary ...

Gratuity is a lump sum amount an employee gets when she retires, resigns, dies or becomes disabled due to an accident or disease, provided she had worked for at least five continuous years for the ...

Under India’s new labour laws, gratuity calculation changes with a broader definition of wages. Fixed-term employees qualify after 1 year, and payouts may rise. Here’s how to calculate your gratuity ...

A lump-sum benefit employers pay employees as a reward for loyalty & long service. Gratuity = (Last Drawn Salary × 15 × No. of Years Worked) ÷ 26. Offer letters show gratuity as 4.81% of your annual ...

Gratuity Calculation: This article explains how to calculate gratuity using a simple formula and how it impacts your financial security after employment. Gratuity is an important financial security ...

Gratuity Calculation Formula: Amidst discussions about the implementation of the new labor code, the biggest question is how it will affect your finances and retirement fund. For salaried employees, ...

Gratuity Act: Gratuity Formula under the Gratuity Act 1972 says that an employee becomes eligible for the loyalty benefit if he has completed five years of regular service. Gratuity Act 1972 says that ...

Gratuity is a monitory benefit an employee receives for the services he/she gives to an organisation. All the companies that come under the Gratuity Act offer this benefit to the employee after he/she ...

Gratuity Calculation Formula/Gratuity Payment 2022 for Central Government Employees: The maximum retirement or death gratuity payable to a retired or deceased Central Government Employee is Rs 20 lakh ...