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Showing posts with label Gratuity Calculation Formula. Show all posts
Showing posts with label Gratuity Calculation Formula. Show all posts

Friday, 3 November 2017

Gratuity Rules in India are very clear. It states that every employee is eligible to get an ex- Gratia amount after leaving the job. But this retirement benefit is subject to some conditions. The gratuity rules are applicable for government employees and private sector. Gratuity is tax-free if it is given according to the specified formula.

Saturday, 14 May 2016

Introduction

Gratuity is the payment made by the employer to his ex- employee for his past services. Gratuity is similar to a  gift given by employer for appreciation of past services of his employee . The technical definition of gratuity given by ICAI is “gratuity is a  voluntary payment made by an employer  in appreciation of services rendered by employee .