7th Pay Commission: How much gratuity one will get on salaries of Rs 20,000, Rs 30,000 and Rs 50,000; see calculation
According to the Gratuity Payment Act 1972, any company, factory, or institution, where 10 or more employees have worked on any one day in the last 12 months comes under the Gratuity Payment Act. An employee is entitled to gratuity after five years of service. If an employee dies due to an accident or becomes disabled and is unable to work again, the gratuity amount is paid to their nominee or dependent.
One is entitled to gratuity after the employment of five years. Photo: Pixabay/Representational