Salaried employees in India are entitled to gratuity as per the Payment of Gratuity Rules, 1972, once they complete a minimum of 4 years and 240 days of continuous service with their employer. Gratuity calculation is based on the final drawn salary of the employee, and there are specific formulas to determine the amount, depending on whether the organization is covered under the Act. It is a significant financial benefit for employees, serving as a reward for their long-term service and dedication to the company. Understanding the gratuity rules and provisions is crucial for both employers and employees to ensure compliance and avoid any disputes in the future. It is essential for employees to be aware of their rights regarding gratuity payments and for employers to accurately calculate and disburse the gratuity amount owed to their employees. By adhering to the gratuity regulations, both parties can maintain a positive and transparent working relationship. The gratuity amount can provide financial security to employees post-retirement or in case of any unforeseen circumstances, making it a vital component of the overall compensation package for salaried individuals in India.