Tag - formula for gratuity

Gratuity Income

GRATUITY Job-hopping can increase your pay, but good old loyalty also has its perks. Stay on with your employer for five years or more, and you are entitled to gratuity when you resign, retire or are retrenched.   Going by the book:- Gratuity is a reward for long and meritorious service. In 1972 the government passed the Payment of Gratuity Act that made it mandatory for All employers with more than 10 employees to pay gratuity. Gratuity shall be payable to an [...]

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