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Gratuity is a statutory benefit paid to employees who have worked in an organization for at least 5 years. Under the Payment of Gratuity Act, 1972, your employees are eligible for 15 days of pay for each completed year of service. You can structure a gratuity benefit such that it is higher than statutory requirements.
ICICI Prudential's Group Gratuity Plan enables you to fund your gratuity obligation in a systematic manner while enjoying applicable tax benefits at the same time. Read more about the features and benefits of this plan.
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