Gratuity Calculation Formula: Amidst discussions about the implementation of the new labor code, the biggest question is how it will affect your finances and retirement fund. For salaried employees, ...

Gratuity is a crucial financial benefit designed to provide monetary security to employees during key milestones such as resignation, retirement or unforeseen events. If your last-drawn basic salary ...

The Payment of Gratuity Act 1972 provides a financial reward for employees after five years of service in India.

When you leave your job, you are paid a full-and-final settlement by your employer. This settlement comprises of your salary, the allowances, payments, and reimbursements you’re eligible for, and ...

NEW DELHI: The four new labour codes—the Code on Wages, the Industrial Relations Code, the Code on Social Security, and the Occupational Safety, Health, and Working Conditions Code—aim to bring ...

NEW DELHI: More than a month after the new labour codes came into effect, the Union ministry of labour and employment has released draft rules that outline how minimum wages, gratuity and social ...