As Per Karnataka Labor Law Leave Encashment To Be Paid On Basic Or Gross Salary
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As per Section 2 of the MB Act, it applies to factories (10 or more workers) and to establishments where 10 or more persons are employed, unless the state government declares otherwise. The Kerala Government has extended the Act to shops and commercial establish...
Hi,I would like to know whether it's compulsory to pay maternity leave as one of our clients is a very small firm.Regards
Irrespective of the size of the organization, it is essential and moral to provide paid maternity leave.Thank you.
Dear All,There is no rule for leave encashment under the law. However, we choose to encash leave for contract employees to provide them with a better in-hand salary. Please advise on the rule for Leave Encashment - whether it can be based on Basic + DA or Gross ...
Dear User,Regarding your question on leave encashment for contract employees, it's important to remember that India doesn't have a specific law mandating leave encashment for such employees. However, many companies have internal policies to provide this benefit ...
As per the law, payment is only made after the completion of 5 years of service, i.e., 4 years + 240 days in the 5th year of service. The calculation should be done based on Basic+DA instead of the gross salary.Thanks & Regards,Sumit Kumar Saxena
Dear Reshma,First of all, you need not to show gratuity as a part of CTC breakup as it is not payable to the employee before he/she leaves the organization. Secondly, yes, it is right to consider gratuity on Basic + DA. There is no maximum percentage of salary d...
Dear Mr. Dangwal,Thank you for the explanation. Is giving compensation to those who are due for Gratuity applicable as per law? Management will not agree to it. Let me know if there is any other way.
This is what we have currently:First, we did not have DA. Now it's added but adjusted to the same gross salary.- Basic: 50% of Gross- DA: 10% of Basic- HRA: 40% of Basic- Gratuity: (Basic + DA) * 4.81%- Gratuity ceiling is at Actual, i.e., 20 lakhs.
Dear Reshma,Keep Basic + DA at 60% for all staff. Calculate gratuity based on this. At this point in time, the gratuity fund accumulated might be higher. There is no problem in doing it as such. How about the ceiling of the gratuity? ₹10L or actual? Please check...