Diabytes
Gratuity Act News
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Gratuity calculation is based on a specific formula. Lets check the formula and find out how much gratuity will you get with Rs 25K, Rs 50K, Rs 1 Lakh salary and 15 years of service.
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The Gratuity Act of 1972 allows for awarding of Gratuity to an employee who has rendered to a company for over 5 years. Know how to check Gratuity amount on the basis of formula.
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Labour Minister Bandaru Dattatreya has said the bill which seeks to double the tax-free gratuity ceiling to Rs 20 lakh is likely to be pushed for passage in the upcoming monsoon session of Parliament, beginning July 17.
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