Let’s calculate gratuity for an employee with a basic salary of Rs 33,000, 8 years, and 5 months of service (rounded to 8 years). Gratuity = (33,000 × 8 × 15) ÷ 26 Gratuity = Rs 1,52,307 What will be ...

The Employee Pension Scheme (EPS) is designed to provide a guaranteed pension to employees after they retire. Both the employer and employee put 12 per cent of the basic salary into a special fund ...

Your iPhone's calculator is a powerful tool at your fingertips just waiting to do math quickly and easily. Here are some ...

As the 8th Pay Commission process moves ahead, central government employees are again tracking long-standing staff-side ...

AI Quick Read Indian employees could get higher gratuity payouts under the new Labour Codes announced by the government late last year. The revised rules change how ‘wages’ are defined for calculating ...