Both private sector employees, as well as government employees, are eligible to receive the gratuity. The gratuity amount is tax-free if it is given according to the formula prescribed by Payment of Gratuity Act, 1971.…
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Gratuity Eligibility and Rules in India
Gratuity is a retirement benefit that is tax-free subject to certain rules. However, people often get confused about the various aspects of it. So in this article, we will discuss the meaning, eligibility criteria, rules,…