Gratuity Formula.. CiteHR

Bulla Kranthi Kumar Started The Discussion:

Dear All,

I came to known there are two acts regarding Gratuity 1971 and 1972; which act can I follow for my employees?
one of employees who completed 5.2 years and submitted resignation, how can I pay gratuity?

Some one says that Last month drawn gross salary is equivalent to gratuity? is it correct? (or) any other formula?

Kranthi Kumar.B


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