Gratuity is a financial benefit under the Payment of Gratuity Act, 1972, providing monetary security to employees upon ...

Learn how to calculate gratuity for a Rs 55,000 basic salary with 5.5 years of service. Understand eligibility, the formula, and factors affecting your gratuity payout for better financial planning.

Many don't understand how this formula works or when it applies, but it's not too difficult to figure out as long as you're comfortable with some basic arithmetic. Below, we'll break it down step ...