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 financial benefit given to employees as a recognition of their long-term service. It is a mandatory benefit provided under the Gratuity Act to employees who have worked for at least 5 ...

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 ...