Gratuity meaning: The meaning of GRATUITY is

The meaning of GRATUITY is something given voluntarily or beyond obligation usually for some service; especially : tip . How to use gratuity in a sentence. Gratuity vs. Tip Gratuity is the amount employees receive as a part of their gross compensation from their employer. Learn about its eligibility criteria, calculation formulas, and taxation rules in India with examples and a free online calculator. Discover the basics of gratuity , its meaning , calculation, applicability, and taxation rules. Learn how to calculate gratuity and its legal implications. Learn the meaning of gratuity , who qualifies, applicable tax exemptions, and how to calculate it using the standard formula under Indian labor laws.