Gratuity for government employees is tax-free; however, it is taxable for private employees if the amount is more than Rs 20 lakh.

Gratuity is an important financial security provided to employees as a reward for their long-term service. It is regulated under the Payment of Gratuity Act, 1972. If you have a last-drawn salary ...

Gratuity is a statutory benefit for employees completing five years of continuous service, calculated using a specific ...

Here, 15 refers to 15 days’ wages per year, and 26 refers to 30 days in a month, excluding Sundays. If a company falls under the Payment of Gratuity Act of 1972, it cannot count itself out. Is it ...