Gratuity eligibility, payout and formula: Leaving job before 5 years? Here’s how you can still get gratuity – The Times of India
Gratuity payment calculations are governed by specific guidelines outlined in the Payment of Gratuity Act. (AI image) Salaried employees quite often have gratuity as a component of their CTC (cost to company). The Payment of Gratuity Rules, 1972, stipulates that staff members become entitled to gratuity after completing five years of uninterrupted service with an…