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FORMULA TO CALCULATE GRATUITY
India Inc salary restructuring: How new labour codes and income tax rules will impact take-home pay and retirement savingsSalaried employees face uncertainty as new labor codes and tax rules loom. Companies are preparing for changes, but widespread implementati...- DA hike announcement: How salaries of Level 1-18 employees will rise after 2% dearness allowance hikeDA hike for central government employees: A 2% hike in DA will take it from its current rate of 58% to 60%. With this hike, dearness relief...
- Gratuity may rise under New Labour Code, but your income tax bill could tooThe Code on Social Security, 2020 expands the wage base for gratuity, potentially increasing payouts, but tax rules under the Income-tax Ac...
- Oracle layoffs 2026 severance package: How much will the US tech firm pay to laid off workers in India and US as compensation?Oracle has initiated significant job cuts, impacting 30,000 employees worldwide. India sees 12,000 roles terminated. Severance packages are...
- Oracle layoffs affected US employees severance package and benefits explained after global job cuts: US labour laws and severance rulesOracle layoffs affected US employees severance package and benefits have become a major topic after reports confirmed global job cuts. Thou...
- Take home salary may drop for new employees under new Labour Code 2025: What jobseekers must knowA new labour code effective November 21, 2025, requires wages to be at least 50% of an employee's CTC. This change may increase overall sal...
- How is gratuity calculated as a part of CTC?
- Double gain for UPS subscribers: Gratuity bonanza over and above lump-sum benefit for these government employees, here’s howCentral Government employees under the Unified Pension Scheme (UPS) now gain retirement and death gratuity benefits up to Rs 25 lakh, as pe...
- Gratuity payment: Quitting your job before 5 years? You can still get gratuity; know howGratuity payment: Many employees who quit their jobs before five years of service think they cannot receive a gratuity. However, even if th...
- Gratuity calculation in CTC: How is gratuity calculated as a portion of employee's CTC in offer letter; Check formulaGratuity calculation in CTC: Gratuity is paid when an employee leaves the organisation after completing a minimum service period of five ye...
- Karnataka: Companies must tie-up with insurers for gratuity compliance, employers’ body seeks timePrivate companies in Karnataka must now partner with insurance firms and pay an annual premium towards gratuity obligations under the Karna...
- How to calculate gratuityTo calculate the gratuity amount you are eligible to receive, the last drawn salary will be considered. The last drawn salary includes basi...
- Tax free Rs 20 lakh gratuity for employees may be a reality soonThe Gratuity Amendment Bill is likely to be passed in the forthcoming Budget session, which will make formal sector workers eligible for ta...
- How to calculate taxable portion of gratuityCurrently, maximum tax-exempt gratuity is Rs 10 lakh. The government has tabled the Payment of Gratuity (Amendment) Bill, 2017 to raise the...
- Bill to increase maternity leave period & gratuity limit tabled in Lok SabhaThe gratuity limit for private sector is expected to be raised to Rs 20 lakh in line with that in the government sector.
- Bill floated in Lok Sabha to amend Payment of Gratuity ActGovt to notify the period of maternity leave and gratuity that can be availed by employees under a central law
- Cabinet clears Bill to raise tax-exempt gratuity limit to Rs 20 lakh: Here's how you will be impactedAn employee is eligible to receive gratuity only if he has completed at least five years of continuous service with an organisation without...
- You may soon be eligible for up to Rs 20 lakh tax-free gratuity. Here's the lowdownAs per the Payment of Gratuity Act 1972, an employee can receive gratuity only if he has completed at least five years of continuous servic...
- Is it time to discard 'minimum five years of service' gratuity rule?As per CTC rules, gratuity is a part of your salary. That means an employee, who leaves before completing 5 years, is forced to give up a p...
- Gratuity limit hike to Rs 10 lakh gets Parliamentary nodParliament on Wednesday approved enhancing the gratuity limit for employees from Rs 3.5 lakh to Rs 10 lakh as also the exemption threshold ...
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