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 ...

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, ...

What is gratuity? When is it received? Gratuity is a form of payment that employers make to their employees, acknowledging their loyalty, dedication and services rendered to the company. Gratuity is ...

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 ...