Do You Know How To Calculate Gratuity In Salary? If Not, We Got You Covered – Top Speed News
Curated By: Business Desk Last Updated: August 09, 2023, 11:45 IST Every time you join a new company, some of your cost-to-company (CTC) goes towards gratuity. According to the Payment of Gratuity Act, 1972, an employee is considered eligible to receive a gratuity amount. Gratuity is calculated as 4.81 per cent of basic pay under…