Tue, Oct 08, 2024
Gratuity Calculator: Public and private sector employees on completion of 5 years of service become eligible for gratuity from their employers. Employees get gratuity on the basis of their last drawn salary and the years of service in the organisation they are exiting.
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Tue, Oct 01, 2024
Gratuity Calculator: Public and private sector employees who have completed 5 years of service are eligible to get gratuity from their employer. The gratuity amount of an employee is calculated on the basis of their last-drawn basic salary and the years of service.
Tue, Sep 24, 2024
Gratuity Calculator: A public or private sector employee with at least 5 years of service becomes eligible to get gratuity. For gratuity calculation, the last drawn basic salary of an employee and the years of service are taken into account.
Tue, Sep 17, 2024
Gratuity Calculator: Gratuity is the right of an employee who spends at least 5 years in a private or government sector job. Two factors that are considered to decide the amount of an employee's gratuity are the last drawn basic salary and the years of service.
Tue, Sep 10, 2024
Gratuity Calculator: Government and private sector companies provide gratuity to reward their employees for their loyalty. Private sector employees are eligible for gratuity on completion of 5 years of service. The gratuity amount depends on the last drawn basic salary of an employee and years of service.
Fri, Mar 29, 2024
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.
Wed, Dec 20, 2017
As per the bill, the gratuity limit of the private sector employees will be raised to Rs 20 lakh in line with that in the government sector. Labour minister Santosh Kumar Gangwar introduced the Payment of Gratuity (Amendment) Bill, 2017 in the House.
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