Loyalty in the workplace can yield significant rewards, especially in India, where long-term employees are eligible for gratuity – a substantial, legally mandated benefit. This video provides a comprehensive overview of gratuity, including eligibility criteria, calculation methods, tax implications, and conditions for potential forfeiture. With insights into the Payment of Gratuity Act, 1972, we clarify who qualifies for this benefit and the financial value it can add at the end of one’s tenure. Whether you’re planning a long-term career or preparing for retirement, understanding gratuity can be crucial in maximising your benefits. Watch now to know more about this essential component of employee compensation.
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