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” »