Gratuity is an exgratia payment payable to an employee by the Company covered under Gratuity Act. On retirement, his total tenure of service i.e. no. of years is taken into consideration.For every 20 days of presentation, one day is taken. For one full month, 26 days are considered . The gratuity formula is as hereunder :- No. of working days x no. of years x last drawn salary Divided by 26 Days There is also Group Gratuity Scheme offered by Life Insurance Cos. wherein employees of a company are covered under this scheme. Where apart from payment of gratuity,life coverage is an added benefit. And the Companies are lesser burdened by offering the burdens of gratuity payment on insurance cos. by paying yearly premiums.
Recovery of society loan can be recovered through providend fund and retirement gratuity
Enough to pay for a dinner for two at a family restaurant (including a glass of house wine for each and a modest gratuity.
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26 + 15% = 26*1.15 = 29.9
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Gratuity a/c dr Provision for gratuity a/c
gratificación - gratuity
Gratuity means tip
A gratuity is more commonly known as a tip.
Another word for tip is gratuity.
pension equivalent gratuity
[Debit] Gratuity [Credit] Cash / bank
Gratuity good look with the take a break comp Gratuity good look with the take a break comp
Let's leave a generous gratuity for the waitress since the service was outstanding.
Gratuity is a noun that means a monetary tip, a bonus, or gift. Example sentence:Each year I buy my housekeeper a gift as a gratuity for her excellent services.