Mmo 2024 Gratuity Meaning. Governed by the payment of gratuity act, 1972, gratuity is a legal obligation for employers in india. Gratuity is a financial acknowledgement employers give to employees who have served at least five years.

Gratuity is a financial acknowledgment provided by an employer for the employee’s service to the company, reserved for those who have completed a. Under the gratuity rules 2024, an organisation must pay workers gratuity benefits in case it employed ten or more individuals in the previous twelve months.