A lump-sum benefit employers pay employees as a reward for loyalty & long service. Gratuity = (Last Drawn Salary × 15 × No. of Years Worked) ÷ 26. Offer letters show gratuity as 4.81% of your annual ...
Learn how gratuity is calculated in India using last-drawn basic salary and years of service, eligibility criteria and examples showing gratuity amounts for different salaries after 7 years and 5 ...
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Gratuity calculator: How does the company calculate your gratuity? How much money will you get on a basic salary of ₹25,000?
Recently, a major change has been made to the gratuity rules under the new labour code. Now, gratuity will be given even ...
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Gratuity calculation formula: If your salary is ₹30,000, how much gratuity will you receive according to the new labor code?
Amidst discussions about the implementation of the new labor code, the biggest question is how it will affect your finances and retirement fund. For salaried employees, gratuity is a crucial savings ...
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