Currently, a tax-free gratuity up to Rs 10 lakh is applicable to formal sector workers leaving a job after five or more years of service, or at the time of superannuation. Gratuity calculation is ...

Gratuity is an essential financial benefit offered to employees under the Payment of Gratuity Act, 1972, ensuring financial stability post-resignation, retirement, or termination. If you’re wondering ...

How is gratuity amount calculated? The number of years and the last-drawn basic salary of an employee are used to calculate the gratuity amount. If a company falls under the Payment of Gratuity Act of ...

Gratuity is a one-time payment made by your employer as a gesture of appreciation for your long-term service. As per the Payment of Gratuity Act, 1972, you are eligible if you have completed at least ...

Gratuity is more than a bonus; it is a legally supported reward for your years of dedicated work. If you meet the eligibility requirements, you should be able to estimate your benefit reliably using ...

What is service requirement to be eligible for gratuity? Employees are eligible for gratuity after completing 5 years of continuous service with the same employer, as per the Payment of Gratuity Act, ...