Gratuity is the amount employees receive as a part of their gross compensation from their employer, regulated under the Payment of Gratuity Act, 1972. Learn about the eligibility criteria, calculation formulas, and taxation rules for gratuity in India. Discover the basics of gratuity, its meaning, calculation, applicability, and taxation rules. Learn how to calculate gratuity and its legal implications. Gratuity is a benefit paid by employers when you leave a job after a few years of service. Learn how it's calculated, who is eligible, and why it matters for your future. Gratuity Calculator: Use ClearTax online gratuity calculator to know gratuity amount of money you will get on retirement. Only those employees who have been employed by the company for five years or more are given the gratuity. Check out gratuity formula, percentage, eligibility, rules in India.
