Sun, Dec 15, 2024
Let’s find out what will be your gratuity amount with Rs 38,000 as the last-drawn salary in the service period of 6 years, and 3 months. Understand the calculation to estimate your retirement benefit accurately.
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Tue, Dec 10, 2024
Gratuity Calculator: Employees working in a company following the Payment of Gratuity Act, 1972, become eligible to get gratuity if they complete 5 years of uninterrupted service. Their last drawn basic salary and years of service are taken into account when calculating the gratuity amount. The eligible employee can get it at the time of leaving the organisation, among other circumstances.
Tue, Dec 03, 2024
Gratuity Calculator: Companies following the Payment of Gratuity Act, 1972, are mandated to provide gratuity to their employees with uninterrupted service of 5 years. The last drawn salary and the number of service years are the criteria to calculate the gratuity of an employee.
Tue, Nov 19, 2024
Gratuity Calculator: Employees with at least 5 years of uninterrupted service are eligible to get gratuity in the companies that come under the Payment of Gratuity Act, 1972. Such employees' last-drawn salary and the number of years of service are considered to calculate gratuity.
Tue, Nov 12, 2024
Gratuity Calculator: Employees who work in the organisations that follow the Payment of Gratuity Act, 1972, are eligible to get gratuity. Employees with at least 5 years of uninterrupted service can get gratuity.
Tue, Nov 05, 2024
Gratuity Calculator: Organisations that follow the Payment of Gratuity Act, 1972, need to provide gratuity to their employees who have completed 5 years of service. The employee's last-drawn basic salary and years of service are considered for the calculation of gratuity.
Tue, Oct 29, 2024
Gratuity Calculator: Companies following the Payments of Gratuity Act, 1972, are bound to provide gratuity to their employees with at least 5 years of service. Gratuity depends on the last-drawn basic salary and the number of years of service.
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.
Tue, Oct 15, 2024
Gratuity Calculator: Public and private sector employees are eligible to get gratuity from their employers on completion of 5 years of service. The number of years of service and the last drawn basic salary are taken into account while calculating gratuity.
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.
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.
Thu, Apr 18, 2024
Gratuity is a reward from the employer to the employee after the latter completes five years of service. Gratuity is calculated on the basis of an employee's last drawn salary and their number of years in employment.
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.
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
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