Gratuity

Gratuity Calculator in Excel free

Some Basics about Gratuity:Gratuity Act is applicable to all establishments, where number of employees, are 10 or more in any day of the preceding 12 months.  Click here to download the Gratuity bare act.Charitable institutes and hospital are also covered under the act.It includes both commercial and non commercial establishment like educational institutes etc.Only Basic … Read more

FAQ’s of Gratuity

GRATUITYWhat is Gratuity?– Gratuity is a kind of retirement benefit. It is earned by an employee as a reward forlong and meritorious service– It is payable on termination of employment after the employee has renderedcontinuous service for not less than 5 years– Termination of employment may be due to any of the following:o Superannuationo Retirement/Resignationo … Read more