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 an amount paid by an employer to an employee as a reward for their long-term service in the same organisation for a minimum period of 5 years. Interestingly, any service period of 6 months ...

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 ...