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Understand the 1972 Gratuity Act’s rules for gratuity payments

Posted on August 26, 2022 By admin No Comments on Understand the 1972 Gratuity Act’s rules for gratuity payments
Understand the 1972 Gratuity Act’s rules for gratuity payments
Gratuity Calculator

Employees receive gratuities for their services. Service type determines the amount of gratuity. Gratuities are governed by a specific rule in India. In this blog, we will discuss how the Gratuity Act of 1972 is calculated.  This is a layman’s definition of gratuity. Now let’s have a detailed discussion. When a worker or employee of … Read More “Understand the 1972 Gratuity Act’s rules for gratuity payments” »

India’s Gratuity Payment Rule

Posted on August 26, 2022August 26, 2022 By admin No Comments on India’s Gratuity Payment Rule
India’s Gratuity Payment Rule
Gratuity Calculator

Employers use the following formula for gratuity payments – In general, gratuity is calculated as follows: (Last Drawn Basic Salary + Dearness Allowance) * 15/26 * the number of years of service. Gratuity is a scheme for employees in India under the Payment of Gratuity Act, 1972. An employee receives a lump sum as a … Read More “India’s Gratuity Payment Rule” »

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