"Are you an employee who has completed his/her 5 years of continuous service? If yes, then you are eligible for gratuity in such a case.
Or are you an employer, wondering how to calculate gratuity? Before moving on to the steps to calculating gratuity, it is important to know all about it.
Calculating gratuity is crucial for both employers and employees. For employers, it is to ensure that they provide the employees with lawful benefits. For employees, it ensures that they receive the gratuity amount they are entitled to. Thus helping them plan their retirement finances better.
In this article, we will explore the factors that affect gratuity calculation. Also, the legal provisions that employers must adhere to while calculating gratuity. There are some common mistakes that employers make while calculating gratuity. Hence, this article will help you..."
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