Mmo 2024 Gratuity Meaning. Gratuity is the amount that an employer pays to the employees in recognition of their long service and contribution to the company. Know about the meaning, gratuity eligibility criteria, how is gratuity calculated, gratuity rules, gratuity formula & payment of gratuity act 1972.
Extension of benefits of (retirement gratuity and death gratuity) to the central government employees covered by new defined contribution pension system. It’s regulated under the payment of gratuity act,.
