Changing jobs in India: gratuity, offers and settlement
Leaving a job settles several amounts at once, and a new offer is only comparable once it is turned into monthly in-hand pay. These guides work through both.
Educational information, not investment advice · Muktify is not SEBI-registered
The basics
Gratuity after five years
For most employees, gratuity under the Payment of Gratuity Act becomes payable after five years of continuous service with one employer, and the Act caps it at ₹20 lakh.
Compare offers on in-hand pay
Two packages with the same CTC can land very differently each month, because PF, variable pay and other items count towards CTC without reaching your account.
A final settlement has several parts
Unpaid salary, leave encashment, notice pay and gratuity where it applies each follow their own rules, and they are not all taxed the same way.
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