Gratuity Formula Archives

Gratuity Calculation: Know your gratuity for Rs 35,000, Rs 55,000 & Rs 75,000 last-drawn basic salary after 7 years 5 months of service?

Topnewsplus4 weeks ago04 mins

Retirement Planning: The number of years and the last-drawn basic salary of an employee are used to calculate the gratuity amount. Gratuity is a token of appreciation from an employer to an employee for their long-term service, usually after a minimum of 5 years of service. To your surprise, any service period of 6 months…

Gratuity Calculation: What will be your gratuity for Rs 37,000, Rs 56,000, and Rs 72,000 last-drawn salary after 12 years and 7 months of service?

Topnewsplus2 months ago04 mins

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 with 10 or more employees are required to pay gratuity as per the Payment of Gratuity Act, 1972. For calculation purposes, any service period of 6 months or…