Employers usually include gratuity and the employer's contribution to the Employees' Provident Fund (EPF) in the CTC (cost to ...
Gratuity is a monetary gift from an employer to an employee especially for services rendered. The Employment Act provides for its definition and also for instances when it should be given.
Many individuals have gratuity as part of their CTC (cost to company). According to the Payment of Gratuity Rules, 1972, an employee is entitled to receive a gratuity after completing a minimum of ...