Gratuity Valuation Kapadia Global

As per Payment of Gratuity Act 1972 gratuity is payable on retirement resignation & death. There is a vesting period of 5 years in case of retirement & resignation which means benefit becomes payable when an employee completes 5 years. However for death in service the gratuity benefits are payable even if employee duration is less than 5 years. Click to know more

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