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Last Updated:September 17, 2025, 12:13 is The UPS, which was notified by the government on January 24, is an option under the National Pension System (NPS) which provides assured pension income like old pension scheme. The unified pension scheme (UPS) has been notified as an option under the NPS. The Pension Fund Regulatory and Development…
Retirement Planning: The number of years and the last-drawn basic salary of an employee are used to calculate the gratuity amount. Gratuity is a token of appreciation from an employer to an employee for their long-term service, usually after a minimum of 5 years of service. To your surprise, any service period of 6 months…
Gratuity serves as a reward for employees who have completed a minimum of 5 years of continuous service, acknowledging their loyalty and commitment to the organisation. Organisations employing 10 or more individuals over the past years and following the Payment of Gratuity Act, 1972, are required to pay gratuity. Any service period of 6 months…