Whether gratuity act is applicable to Managers?

Whether gratuity act is applicable to Managers?
Regards
T Rakesh

Yes,it is applicable to all. Please check the gratuity act on the web.

Hi T Rakesh,
The payment of Gratuity Act 1972 is applicable to all kind of employee serving in all the sectors in the nation. A person get's entitled for gratuity on completion of continuous service of 5 years. The calculation formula is ((Basic Salary+DA)/26*15*number of years of service)

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