What is Gratuity?

Gratuity is offered to the employees who have served the company for the number of years described in the Gratuity Act, i.e., a minimum of 5 years. The gratuity amount payable is determined based on the basic salary and DA of the employee. In case of the employee’s death, the amount payable to the employee is based on the number of service years in the company.

Request Free Trial