Recently, a major change has been made to the gratuity rules under the new labour code. Now, gratuity will be given even ...

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 ...

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 ...

Gratuity BIG UPDATE: What comes as good news for fixed-term employees across sectors is that they now qualify for gratuity after a year of employment. Earlier, employees were entitled to gratuity ...

New labour codes are set to redefine wage calculations, impacting salary structures, PF contributions, and gratuity payouts. The broader definition of 'wages' means more components will be included, ...

The Indian government has announced a major change to the gratuity rules, reducing the eligibility period from 5 years to 1 year. This change, which affects millions of employees, aims to strengthen ...