Is Gratuity Part of CTC or Not
Yes, gratuity can be a part of the CTC. Most companies show gratuity as part of the CTC in offer letters. But remember that, even though gratuity shows in your … Read more
Gratuity
Proportion by which the Gratuity will be Shared Meaning
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 … Read more
What is 15/26 in Gratuity Calculation
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 … Read more
How To Claim Gratuity After Resignation
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 … Read more
Central Govt Plans to Make Gratuity Eligibility Tenure to 3 Years
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 … Read more
How To Calculate Gratuity For Private Sector Employees
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 … Read more
Gratuity Limit Increased To 20 Lakhs Gazette Notification & Effective Date Of Enhanced Gratuity
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 … Read more