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Gratuity Calculation
- Friday, March 5, 2010, 14:44
- INDIAN NEWS
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Gratuity Calculation
In India, the Maximum ceiling for payment of Gratuity to Government employee was Rs. 3.5 Lakhs and this was raised to Rs 10 lakhs.
The Gratuity is payable to the retiring Government servant. A minimum of 5 years qualifying service and eligibility to receive service gratuity/pension is essential to get this one time lump sum benefit. Retirement gratuity is calculated @ 1/4th of a month’s ... Full story
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