<P> Payment of Gratuity: Payability and Calculation - </P> <P> Under Section 4, payment of gratuity is mandatory . Gratuity shall be payable to an employee on termination of employment after he has rendered continuous service for not less than 5 years . The termination can be due to: </P> <Ol> <Li> Superannuation . </Li> <Li> Retirement or Resignation . </Li> <Li> On Death or Disablement due to accident or disease . </Li> </Ol> <Li> Retirement or Resignation . </Li>

Gratuity as per the payment of gratuity act 1972