Mmo 2024 Gratuity Definition. Use cleartax online gratuity calculator to know gratuity amount of money you will get on retirement. A gratuity is a lump sum amount that an employer pays to an employee when the employee leaves the job after serving the same organization for a minimum of 5 years.
This comprehensive guide will thoroughly examine the concept of gratuity, delving into its definition, eligibility requirements, calculation methodology, and the significance of. Gratuity is the amount paid by an employer to the employee for the services rendered by him/her during the period of employment.