Gratuity is a mark of recognition to your long service. Learn the gratuity rules, eligibility, gratuity formula, and gratuity taxation in a nutshell.
Now You may get a higher gratuity at the time of leaving the job. The government has relaxed the tax-free limit of the gratuity. As of now, there is not tax on gratuity upto ₹10 lakhs. Thus, employers limit the gratuity payment up to ₹10 lakhs. But now government is increasing this limit up to… [Continue Reading]