Mmo 2024 Gratuity Formula. Employees need to spend at least 5 years in the service to be eligible for gratuity. Also, the employer provides gratuity.
Use our online gratuity calculator to estimate your gratuity you will get when you retire. The computation of gratuity aligns with the formula prescribed by the payment of gratuity act, expressed as gratuity = last drawn salary * (15/26) * number of years of service.
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