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

Here, 15 refers to 15 days’ wages per year, and 26 refers to 30 days in a month, excluding Sundays. If a company falls under the Payment of Gratuity Act of 1972, it cannot count itself out. Is it ...

Gratuity is a lump sum payment given by an employer to an employee who leaves the job after working for at least 5 years. Any company with 10 or more employees must provide gratuity. Even if the ...

Gratuity is a statutory benefit for employees completing five years of continuous service, calculated using a specific ...