The formula for calculating gratuity is very simple, Total gratuity = (last basic monthly salary) X (15/26) X (years of job). For example, you started the job in 2019 and resigned in 2024.

Employers often reward employees with additional financial benefits as a token of appreciation for their dedicated service. One such benefit is a lump sum payment provided at the end of a service term ...

Gratuity is the amount paid to employees in recognition of their continuous service, honouring their hard work and contributions. Gratuity is one component that the government has placed on par ...