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 Calculation: Under the Payment of Gratuity Act, 1972, an employee becomes eligible for gratuity after completing five years of continuous service with the same employer. If an organisation ...

What decides the Gratuity amount? Years of service and the basic salary drawn for the last time by an employee are taken to determine the gratuity amount. If an organisation comes under the Payment of ...

Here’s a comprehensive breakdown of eligibility, calculation method, service rules, and tax benefits to help you understand what you're entitled to. Gratuity is a lump sum amount paid by an employer ...