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Gratuity Definition & Meaning - Merriam-Webster
Gratuity is a fancier and more formal word than tip. It occurs most often in written notices along the lines of "Gratuities accepted". Its formality makes it best suited for describing tips of the dignified, expensive variety.
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Gratuity - Gratuity Calculation, Eligibility & Gratuity Formula
Sep 09, 2021 · Gratuity is a financial component offered by an employer to an employee in recognition of his/her service rendered to an organisation. It is a part of the salary an employee receives and can be viewed as a benefit plan designed …
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Gratuity - definition of gratuity by The Free Dictionary
gratuity ( ɡrəˈtjuːɪtɪ) n, pl -ties 1. (Commerce) a gift or reward, usually of money, for services rendered; tip 2. something given without claim or obligation 3. (Military) military a financial award granted for long or meritorious service
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Gratuity – Meaning, Formula, Calculation and Taxation Rules
Nov 23, 2021 · Gratuity is the amount employees receive as a part of their gross compensation from their employer. It’s regulated under the Payment of Gratuity Act, 1972, and is offered as a token of appreciation for an employee’s services to the company.
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Gratuity - Wikipedia
A gratuity (often called a tip) is a sum of money customarily given by a customer to certain service sector workers for the service they have performed, in addition to the basic price of the service. Tips and their amount are a matter of social custom and etiquette, and the custom varies between countries and between settings. In some countries, it i…
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What is Gratuity ? | Meaning & Definition | Keka HR
Gratuity is the amount paid by an employer to the employee for the services rendered by him/her during the period of employment. Gratuity can only be given when the employee completes a minimum of five years of service with an organization.
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Gratuity: What is Gratuity? How to calculate Gratuity?
Dec 04, 2017 · Gratuity is given by the employer to his/her employee for the services rendered by him/her during the period of employment. It is usually paid at the time of retirement but can be paid earlier, provided certain conditions are met. A person is eligible to receive gratuity only if he has completed minimum five years of service with an organisation.
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44 Synonyms of GRATUITY | Merriam-Webster Thesaurus
noun Save Word Synonyms of gratuity 1 a small sum of money given for a service over and above what is due for parties of eight or more, we automatically add a 15% gratuity onto the bill Synonyms for gratuity perquisite, tip donation, gift, lagniappe, largesse (also largess), present bonus, favor, reward contribution, offering
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