Salaried employees receive gratuity payment as a part of their salary structure. Read on to know the formula and how it is taxed. Salaried employees receive gratuity payment as a part of their salary ...
Gratuity Calculation: Under the Payment of Gratuity Act, 1972, an employee becomes eligible for gratuity after completing five years of continuous service with the same employer. If an organisation ...
Pension calculation for PSU employees: There is no separate formula for calculating pension of retired employees of Public Sector Undertakings (PSUs) under EPS 1995, Minister of State for Labour and ...
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EPS Pension Calculation: Rs 79,000, basic salary, 17, 28, and 33 years of service, find out your monthly pension
The monthly pension of an employee is determined by the period of service, rounding up the number of years if the employee has completed six months or more. For example, 10 years and 7 months of ...
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