Gratuity
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 April 2016
Dear Experts,
Plz explain me what is gratuity weather it is PF or anything else
Regard
Aman bohra
Plz explain me what is gratuity weather it is PF or anything else
Regard
Aman bohra
01 April 2016
Gratuity and PF are completely different.
Gratuity is a retirement benefit. Gratuity is a part of salary that is received by an employee from his/her employer in gratitude for the services offered by the employee in the company. Gratuity is a defined benefit plan and is one of the many retirement benefits offered by the employer to the employee upon leaving his job. PF is also a retirement benefit but both PF and Gratuity are different. To be eligible for Gratuity 5 years of continuous service is required.
Gratuity is a retirement benefit. Gratuity is a part of salary that is received by an employee from his/her employer in gratitude for the services offered by the employee in the company. Gratuity is a defined benefit plan and is one of the many retirement benefits offered by the employer to the employee upon leaving his job. PF is also a retirement benefit but both PF and Gratuity are different. To be eligible for Gratuity 5 years of continuous service is required.
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