Gratuity proportion means the percentage of gratuity amount that the employee wants to distribute to nominees in case of his sudden death. For example, if you have registered your spouse and mother as nominees then you can allot 50% to your mother and … Read more
The formula to calculate the gratuity of an employee is (basic salary+DA /26) X 15 X No of years of service. Here 26 is the number of estimated working days in a month and 15 represents the 15 days salary in a month … Read more
Have you completed 5 years of service in your organization and are you in a plan to leave your organization then you can claim your gratuity amount. Here you can know complete details on how to claim gratuity after resignation. Claiming gratuity amount is … Read more
Modi government is planning to reduce gratuity eligibility limit to 3 years, till now employees need to work for a minimum 5 years in order to become eligible for gratuity scheme. Keeping in a view of coming Lok Sabha elections the central government … Read more
Gratuity is a retirement benefits scheme given to the employee who will complete minimum 5 years of service in an establishment. Gratuity act 1972 will be applicable for every organization which employs more than 10 employees. Here you can know complete details about payment of … Read more
The most awaiting gratuity limit increased to 20 lakhs gazette notification press note has released so if you are in dilemma of whether the gratuity amendment bill passed or not then answer is passed. and the effective date of enhanced gratuity is 29 March 2018. As per … Read more