Is the Gratuity Act Relevant for Managers? Let's Discuss Your Thoughts

Whether the 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 kinds of employees serving in all sectors in the nation. A person gets entitled to gratuity upon completion of five years of continuous service. The calculation formula is ((Basic Salary + DA) / 26 * 15 * number of years of service).

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