Gratuity calculation in CTC: How is gratuity calculated as a portion of employee's CTC in offer letter; Check formula

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Gratuity calculation in CTC: Gratuity is paid when an employee leaves the organisation after completing a minimum service period of five years. When an employee joins a new company, the gratuity is added to the CTC. However, not many are aware of how this gratuity amount is calculated in the offer letter.