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Answer Briefly the Following Questions: What is Meant by Gratuity ? - Business Studies

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Question

Answer briefly the following questions:

What is meant by gratuity?

Short Note

Solution

Gratuity is a monetary benefit given by the employer to his employee at the time of retirement. It is a defined benefit plan where no contributions are made by the employee.

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Encashment of Leave, Gratuity
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2018-2019 (March)

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