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Gratuity Definition & Meaning - Merriam-Webster
Definition of gratuity. : something given voluntarily or beyond obligation usually for some service especially : tip added a gratuity for the server. Synonyms Gratuity vs. Tip More Example Sentences Learn More About gratuity.
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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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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. However, these five years must be continuous and there should be no gap in the services of the employee with that …
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Gratuity Definition & Meaning | Dictionary.com
gratuity / ( ɡrəˈtjuːɪtɪ) / noun plural -ties a gift or reward, usually of money, for services rendered; tip something given without claim or obligation military a financial award …
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Gratuity legal definition of Gratuity - TheFreeDictionary.com
Gratuity. Money, also known as a tip, given to one who provides services and added to the cost of the service provided, generally as a reward for the service provided and as a supplement to the service provider's income. Legend suggests that the term "tip" originated from an innkeeper's sign, "To Insure Promptness."
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GRATUITY | definition in the Cambridge English Dictionary
gratuity noun [ C ] us / ɡrəˈtuː.ə.t̬i / uk / ɡrəˈtʃuː.ə.ti / formal a small amount of money for someone who has provided you with a service, in addition to the official amount and for …
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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. The law applies to employees of factories, mines, oilfields, plantations, ports, railway companies, shops or …
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