Most employees think about gratuity only in terms of how much they will receive when they resign or retire. Very few think about what happens to that money if they are not around to collect it themselves. This is exactly…
Gratuity looks simple on paper. Multiply your salary by 15, multiply by your years of service, and divide by 26. Most employees who try to work this out by hand, though, end up with a number that does not match…
IT professionals and employees at multinational companies in India often assume gratuity works the same way for everyone. In principle, it does. The same Payment of Gratuity Act, 1972, now folded into the Code on Social Security, 2020, governs every…
For decades, gratuity in India was seen as a benefit reserved for employees who stayed with the same company for at least five years. If you were on a fixed-term contract, a project-based role, or a short assignment, you likely…
After years of loyal service, gratuity finally lands in your bank account as a single, sizable lump sum. For many employees in India, it is one of the largest one-time payments they will ever receive from an employer. And yet,…
If you have started a Systematic Investment Plan or are about to, you have probably wondered how that neat maturity figure on your mutual fund app is actually arrived at. Most investors either trust the number blindly or give up…
Gratuity is one of the largest lump-sum payments most Indian employees ever receive from an employer, yet very few know how the number is actually arrived at until they read their final settlement letter. If you have completed several years…