Letter For Ex Gratia Payment

Dear Sweetu,Yes, ex gratia, bonus, and LTA are part of CTC. When an employee resigns, that amount needs to be paid in the form of full and final settlement form.

Dear Sweetu,Basically, ex gratia is not a part of CTC. Hence, the question of paying or not paying does not arise. LTA is part of CTC, and it should be paid as per the rules of the company. Ex gratia has no legal implications, whereas LTA, if not paid, will have...

Hi all,The employee needs to go through their employment details to review the salary components and the CTC that have been accepted. Employers should make all payments in accordance with the employment terms, and calculations should align with the applicable la...

Hi Sweetu,LTA and Ex gratia, if mentioned as part of CTC, are surely due to the employee after resignation (pro rata). Now, more than thinking about legal implications, we must remember that HR has to play a prime role in being ethical.I saw in replies to you ab...

Madame,As part of CTC, LTA, and Ex gratia need to be paid if an employee resigns. Generally, an employee is entitled to LTA after completion of one year if the policy states so. Ex gratia, if mentioned in your letter of appointment, then yes, it needs to be paid...

I think it is necessary to refer to the contract of employment/terms and conditions of employment. What is included in "PAY" will determine what should be included or not while terminating the contract either by the employer or the employee.Cyril

Dear Sweetu,You have not mentioned if the resigned employee had completed 5 years of service or not to be eligible for Gratuity. As per a recent judgment, those who have completed 4.6 years are also eligible. I hope you are aware of how gratuity is calculated.Ye...

Hello Dinesh,Gratuity can be received by the employee at the time of his retirement or by his legal heir in the event of the death of the employee. Gratuity received by an employee on his retirement is taxable under the head "Salary" and gratuity received by the...