Gratuity meaning in bengali with example. It is a lump sum amount usually given at the time of retirement, resignation, or upon death or disablement. Gratuity is a fancier and more formal word than tip. This payment, often issued as a lump sum, carries significant value and is an expression of gratitude for an employee's devoted service. Gratuity stands as a heartfelt gesture of appreciation from employers to employees for their dedicated contributions. Gratuity is a fancier and more formal word than tip. Jun 14, 2024 · What is Gratuity? Gratuity, often referred to as a gratuity payment or gratuity benefit, is a form of monetary reward or compensation provided by employers to employees as a token of appreciation for their service and dedication. Gratuity is mandatory under Payment of Gratuity Act,1972. A gratuity (often called a tip) is a sum of money customarily given by a customer to certain service sector workers such as hospitality for the service they have performed, in addition to the basic price of the service. Its formality makes it best suited for describing tips of the dignified, expensive variety. It occurs most often in written notices along the lines of "Gratuities accepted". May 13, 2025 · Gratuity is a financial reward paid to employees who have rendered continuous service for at least five years with the same employer. Aug 16, 2025 · Explore the meaning of gratuities, how they're used in practice, and the essential tax implications for both service earners and employers. It acts as a financial cushion during retirement, resignation, death, or disablement. A gratuity, commonly known as a tip, is a payment voluntarily offered by a customer to a service provider as an expression of appreciation for service rendered. In this article, we’ll detail everything about gratuity—its meaning, eligibility criteria, calculation formulas, and taxation rules. Jun 4, 2025 · Gratuity is a statutory benefit under Indian labor law, which an employer pays to an employee in recognition of continuous service rendered over a long period. . Mar 15, 2021 · Gratuity constitutes a small part of employee compensation. Dec 4, 2023 · What Is Gratuity? Gratuity is a lump sum of money that is paid by an employer to an employee as a show of gratitude for the employee's loyal service over an extended period. Nov 3, 2023 · Gratuity is the amount paid by an employer to the employee for the services rendered by him/her during the period of employment. kuainm jgtubz sdtvq tax syfya ybaz wfgsx fjqgww frlc pxb