What is Gratuity? Rules & Eligibility Explained | Workwisely

Gratuity

Gratuity is a statutory benefit paid to employees who have completed a minimum of five years of continuous service, as per the Payment of Gratuity Act, 1972. Application allows you to configure gratuity rules and automatically calculate gratuity amounts when applicable.

    • Related Articles

    • Setting up Gratuity for your Organization

      Navigate to Tax and Statutory Compliances → Statutory Components → Gratuity Enable the Gratuity Option. Set the Eligibility Criteria(eg: Minimum years of Service) The calculation formula in the Gratuity settings is pre-defined as: Last Drawn Basic × ...

    • India Payroll — WorkWisely Knowledge Base

      India Payroll — WorkWisely Knowledge Base India's payroll compliance landscape is one of the most layered in the world, governed by central legislation, state-level variations, and multiple regulatory bodies. WorkWisely's India payroll module is ...

    • Salary Revision

      Salary revision refers to a change in the salary structure of employees that affects the primary components of their pay, including basic pay, PF, and gratuity. Some companies may also include other allowances such as house rent, special allowance, ...

    • Earnings

      The Earnings section in payroll defines all salary components that contribute to an employee’s gross pay. These may include Basic Pay, House Rent Allowance (HRA), Special Allowances, Overtime, Incentives, and other benefits as per company policy. ...

    • Introduction to WorkWisely Global Payroll

      WorkWisely is an AI-powered Human Resource Management System (HRMS) built for organisations operating across multiple geographies. At the heart of WorkWisely's HR platform is a robust payroll engine that is purpose-built to meet the unique statutory, ...