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

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 ...

Gratuity serves as a reward for employees who have completed a minimum of 5 years of continuous service, acknowledging their loyalty and commitment to the organisation. Organisations employing 10 or ...

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 ...

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 ...