Understanding Gratuity in the Organized Sector
People employed in the organized sector and with governments receive gratuity at the time of their retirement or death. Gratuity also becomes payable upon termination of services. The gratuity becomes payable only if one has served continuously for five years with the same employer. Although many of you might have received gratuity, most of you are not aware of how it is calculated. This article deals with the calculation of gratuity as well as its taxation.
From India, Pune
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3180People employed in the organized sector and with governments receive gratuity at the time of their retirement or death. Gratuity also becomes payable upon termination of services. The gratuity becomes payable only if one has served continuously for five years with the same employer. Although many of you might have received gratuity, most of you are not aware of how it is calculated. This article deals with the calculation of gratuity as well as its taxation.
From India, Pune
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Gratuity - Taxation Issues.docx
Payment of Gratuity Act, 1972 & The Rules.ppt