Gratuity is a statutory benefit provided by employers as a token of appreciation for employees’ long-term service. According to experts, it is not part of the regular salary and is designed to provide ...

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Customers have long been asked to tip the people who deliver their take-out or groceries. Now, that ...

Gratuity is calculated using the formula: Gratuity equals (Last Drawn Wages multiplied by 15 multiplied by Completed Years of Service) divided by 26. Most people know gratuity as a retirement benefit, ...