Gratuity Calculation: Here’s how much you can get for Rs 40,000- Rs 60,000 last-drawn salary after 8.7 years of service?
Gratuity is a lump sum amount given by an employer to their employee as a token of appreciation. Under the Payment of Gratuity Act 1972, an employee is eligible to get the gratuity once they complete their five years of continuous service with a single employer. It is not a part of the regular salary….