How is gratuity amount calculated? The number of years and the last-drawn basic salary of an employee are used to calculate the gratuity amount. If a company falls under the Payment of Gratuity Act of ...

For two years govt college delayed teacher’s gratuity payment despite her working there since 1998; Bombay High Court orders ...

Here, 15 refers to 15 days’ wages per year, and 26 refers to 30 days in a month, excluding Sundays. If a company falls under the Payment of Gratuity Act of 1972, it cannot count itself out. Is it ...

The recent update to gratuity rules by the government has increased the tax-free limit from ₹20 lakh to ₹25 lakh, benefiting employees eligible for gratuity payouts. Gratuity is a financial benefit ...

What is gratuity? When is it received? Gratuity is a form of payment that employers make to their employees, acknowledging their loyalty, dedication and services rendered to the company. Gratuity is ...

The court ruled that gratuity must be disbursed within 30 days post-retirement, and if delayed, a 10 per cent interest applies, stressing that it cannot be delayed due to ongoing inquiries. Advocates ...

Mumbai: BEST Workers' Union on Tuesday petitioned the BEST, demanding that their demands—for BEST purchasing 3,337 own buses, ...

Akwa Ibom State Government has disbursed N2.254 billion for the payment of gratuity to retired civil servants. The Accountant-General, Pastor Uwem Andrew-Essien, who made this known yesterday in a ...

The Federal Government said considering was being given for the introduction of an annual gratuity payment estimated at N30 billion for civil servants in treasury-funded Ministries, Departments, and ...