What Is Gratuity In Salary
Stack How?
Stackorigin – The Community of Question and Answers Latest Articles
Read More About Python List Comprehension with examples
Python List Comprehension: Python List comprehension provides a much more short syntax for creating a new list based on the values of an existing list. Advantages of List Comprehension in Python: Time Efficient than loop Space Efficient than loop Needs ...
Do not accept an offer letter from companies.
Do not accept an offer letter from companies without verifying the following points. Designation Salary Details & CTC Distribution Leave Policies Working Hours & Days Medical Coverage/Insurance Probation Period Notice Period Benefits and Perks Bonus F&F Policy
How to call API using Ajax
AJAX stands for Asynchronous JavaScript and XML and its used for to make calls to the server to fetch some data. In this article, we will learn how to implement a simple API call using AJAX technology. How to use GET ...
Gratuity is a benefit which is payable under the Payment of Gratuity Act, 1972. It is a financial component offered by an employer to an employee in recognition of his or her services rendered to the organization. It is typically a portion of the salary an employee receives and there is no set percentage of the gratuity amount an employee can receive.
How does Gratuity work: The employer may either pay their employees the gratuity amount from their own account or may opt for a general gratuity insurance plan with a service provider. The company then pays an annual contribution to the service provider, and in return, the insurance company can pay the gratuity amount to the employee, by following policy rules and regulations. The gratuity amount is totally paid by the employer without any contribution from the employee.