What is Gratuity? Gratuity Calculation with Example? Latest Gratuity Rules, 2022 | Tax on Gratuity
Use the ClearTax Gratuity Calculator to check how much gratuity you are eligible for.
Gratuity Calculator: https://cleartax.in/s/gratuity-calcul...
Gratuity is the money paid by an employer to employees who have served for a minimum period of five years as a token of gratitude for their service. Such payments are governed by the Payment of Gratuity Act 1972. An employee will qualify for gratuity payment ibased on certain conditions. Watch this video for complete details on gratuity.
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You can also read these articles below:
Gratuity - https://cleartax.in/s/gratuity-calcul...
Income Tax Exemption on Gratuity: https://cleartax.in/s/income-tax-exem...
Form 12BB: https://cleartax.in/s/guide-to-form-12bb
Timestamps
00:00 Introduction
00:23 What is Gratuity?
00:34 Is your company required to pay Gratuity?
00:45 Who is eligible to receive gratuity?
00:58 Taxation of Gratuity
02:20 Conclusion
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