Gratuity is termed as EOS (End of Service) benefits and can only be availed when one leaves the organization (termination/resignation)
As per QLL, for the first 5 years gratuity is calculated on the basis of 21 days per year (some companies give it @ of 30 days irrespective of the no of years)and if one exceeds 5 years then gratuity is calculated @ 30 days per year.
Some companies even allow their employees to take their gratuities yearly (if the employees so wish)to reduce their liabilities.
Hope this helps
Gratuity is termed as EOS (End of Service) benefits and can only be availed when one leaves the organization (termination/resignation)
As per QLL, for the first 5 years gratuity is calculated on the basis of 21 days per year (some companies give it @ of 30 days irrespective of the no of years)and if one exceeds 5 years then gratuity is calculated @ 30 days per year.
Some companies even allow their employees to take their gratuities yearly (if the employees so wish)to reduce their liabilities.
Hope this helps