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 ...
Employers usually include gratuity and the employer's contribution to the Employees' Provident Fund (EPF) in the CTC (cost to company) stated in your offer letter when you join a new organisation.
Are you about to complete 5 years of continuous service in your organisation? In case your organisation comes under the Payment of Gratuity Act, 1972, the following information is worth a read for you ...
The Union ministry of labour has released draft rules for minimum wages, gratuity, and social security under new labour codes ...
Gratuity Calculator India 2020: Gratuity refers to an amount of money, which an employer pays to employees in return for services offered to the company. Section 4(2) of the Gratuity Act says that for ...
Unsure about UAE gratuity? See how your salary and the two-year cap affect your payout Many workers are unsure whether their end of service benefits include just their basic salary or the full gross ...