+ Follow us On Google

Salaried employees, both in government and private sectors, become eligible to receive gratuity for their long-term services. Gratuity could be a crucial component for all salaried workers for their financial security. In India, Gratuity is paid as a long-term loyalty benefit by the employer to the employees who serve for at least five years in an organisation. This monetary benefit, also commonly known as ‘loyalty bonus’, is a recognition of an employee’s long service period in an organisation

Gratuity payment provisions are governed by the Payment of Gratuity Act, 1972. This applies to employees both in the government and private sectors. The gratuity amount stays with the company and becomes payable only under certain conditions. It does not form part of your r

See Full Page