Gratuity Calculation On Ctc
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Search Result For "Gratuity Calculation On Ctc" - Page 1
Dear Sunder,The matter of 4 years + 240 days is disputed. In P. Raghavalu and Sons Vs Additional Labour Court, Andhra Pradesh, it was decided that an employee who has worked for 4 years 11 months and 10 days was not eligible for gratuity. The thing is that in or...
Hi,Count gratuity based on the basic salary, not on the gross. Here is the formula I am sharing with you. You can calculate gratuity using the following formula:Basic * 15 / 26 * years = Gratuity (not exceeding 3.5 lacs)Where:- Basic = Last Drawn Basic- 15 = Num...
Dear Friends,I agree with Mr. Madhu's remarks. Gratuity is not a part of salary and, of course, nowadays, in order to show a high pay package, many employers are including anything and everything like gratuity, performance bonus, etc. They will show it only in t...
Can you guide me on how gratuity is calculated percentage-wise when calculating the CTC of the employee? In my previous company, it used to be calculated at 4.16%, whereas in the company where I am currently employed, gratuity is calculated at the rate of 4.83%....
If gratuity is taken as part of the salary and every month an element of gratuity is deducted from the gross salary, then the employer will be liable to pay the amount so deducted as gratuity to the employee when he leaves the organization even before completing...
Please remember that gratuity is calculated on the gross salary comprising Basic Salary and Dearness Allowance, which may be fixed or variable. If a company does not give DA, then gratuity can be calculated on the Basic Salary alone (the salary on which the EPF ...
Dear Brijesh,I believe that gratuity cannot form part of the salary. It becomes due only when the employee leaves after 5 years of continuous service or dies while in service. In both cases, the payment to be made by the employer is 15 days' salary for every com...
Hi,Gratuity is calculated on basic pay plus dearness allowance. If there is no element of dearness allowance in the salary, as is the case for some private sector employees, then the salary constitutes the basic pay only.As far as gratuity being a part of CTC, t...
Hi,Employees who have completed 4 years and 240 days are also eligible for Gratuity.Regards,Surender
Dear all,I request you to please keep me posted regarding the calculation of gratuity. Should we calculate the gratuity on gross salary or on basic salary? I would await your reply.Regards,Shweta Mehta