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.
Showing posts with label Gratuity Calculation Formula. Show all posts
Showing posts with label Gratuity Calculation Formula. Show all posts
Friday 3 November 2017
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 .
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