Mmo 2024 Gratuity Rules

Mmo 2024 Gratuity Rules. The act provides for payment of gratuity at the rate of 15 days wage s for each completed year of service subject to a maximum of rs. According to the gratuity rules 2024, companies have to make sure that base pay makes up 50% of an employee's ctc (cost to business), with employee allowances, housing rent, and overtime.

The government of karnataka published the karnataka compulsory gratuity insurance rules, 2024 (karnataka gratuity rules) in the official gazette on 10 january. What is gratuity & how to calculate gratuity amount.