Legal Requirements for Gratuity and the Role of Calculators in Ensuring Compliance

Introduction: Gratuity is a significant statutory benefit provided to employees as a token of appreciation for their long-term service and dedication to an organization. It is a crucial part of employee welfare and is governed by the Payment of Gratuity Act, 1972, in India. As an employer, it is essential to understand the legal requirements surrounding gratuity and ensure compliance with the law. In this blog, we will explore the legal aspects of gratuity, the obligations of employers, and the role of gratuity calculators in accurately determining gratuity amounts to ensure compliance. Understanding Gratuity: A gratuity is a payment made […]