Solitaire 2024 Gratuity Act. Section 4a of the act mandates every employer to compulsorily acquire insurance for his liability towards payment of gratuity under the act (insurance), once notified by the. In this blog post, we will explain what gratuity is, how it is calculated, gratuity eligibility in india, and what the tax implications of receiving a gratuity are.
Gratuity laws in india provide an important framework for ensuring that employees receive financial benefits upon the termination of their employment. To be eligible for gratuity in india, an employee must meet the following criteria:
