Applied Solar Technologies India HR Executive Interview Questions and Answers

Gratuity is a lump sum amount paid by an employer to an employee as a token of appreciation for their long-term service.

• Gratuity is a retirement benefit provided to employees who have completed a certain number of years of service with the same employer.

• The amount of gratuity is calculated based on the employee's last drawn salary and the number of years of service completed.

• In India, the Payment of Gratuity Act mandat...read more

ESI, PF, and gratuity are employee benefits in India.

• ESI (Employee State Insurance) is a social security and health insurance scheme for Indian workers.

• PF (Provident Fund) is a retirement savings scheme where both the employee and employer contribute a percentage of the employee's salary.

• Gratuity is a lump sum payment made by an employer to an employee as a token of appreciation for their long-term service.

• ESI formula:...read more