Fri, Oct 25, 2024
Gratuity Calculator: When an employee works in a company for more than 5 years, they become eligible to receive gratuity. The employer is bound to provide gratuity to its employees under the Gratuity and Payments Act, 1972.
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Sat, Mar 09, 2024
7th Pay Commission: When the central government announced a four per cent hike in dearness allowance (DA) and dearness releif (DR) for its employees and pensioners, it also announced an increase in House Rent Allowance (HRA). Apart from these two changes, Centre also announced a big change in the form of a tax exemption limit on gratuity of a central government employee. The limit on tax exemption has been increased from Rs 20 lakh to Rs 25 lakh. However, equally important for an employee is to know their gratuity amount at the time of retirement. Know how much gratuity you will get if your basic salary is Rs 15000 or Rs 20,000.
Fri, Sep 16, 2022
According to gratuity act section 2A if someone does not complete his/her 5 years work duration in current company, is also eligible for gratuity. ig you want to know more here in this video know details in hindi
Thu, Jun 03, 2021
According to the Gratuity Act 1972, an employee becomes eligible for the loyalty benefit only if he has completed five years of regular service.
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