Friends, when a person who has worked for a company for many years is fired, retires, or leaves the company, they receive certain financial benefits. One such benefit is gratuity. While a pension ...
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Gratuity framework 2025: Faster eligibility, bigger payouts as wage base expands under revised labour rules
Gratuity is a payment from an employer to an employee for services rendered, typically given to those with five or more years of service. It is governed by the Payment of Gratuity Act, 1972. Employees ...
The Department of Pension and Pensioners’ Welfare under the Ministry of Personnel, Public Grievances and Pensions of the Central Government has issued an important Office Memorandum (OM) regarding ...
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