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Legal definition of Gratuity

legal definition of Gratuity

 

Gratuity is a sort of award which is paid by the employer to the employer towards the gratitude for his long and meritorious service with the organization, at the time of retirement or superannuation or termination. Pay of gratuity has been made compulsory have passing of Gratuity Act for the employees who has been in continuous minimum services of 5 years.

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