What is the percentage (%) of gratuity?

Created by Product Content Team, Modified on Fri, 15 Mar at 1:23 PM by Product Content Team

Gratuity refers to a sum of money given voluntarily or as a token of appreciation to someone for their services or assistance. It is typically an additional payment beyond the agreed-upon compensation or wages.

Gratuity is computed as 4.81 percent of basic pay under the Payment of Gratuity Act 1972.

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