Dear Sir, Gratuity amt can deduction to monthly Salary.
From India, Ahmedabad
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4From India, Ahmedabad
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Gratuity amount cannot be deducted from the actual salary received by an employee as it is not provided under the Gratuity Act. However, it seems some companies show it as a cost to the company or when they subscribe to a gratuity scheme of an insurance company, they may show the monthly premium as a cost to the company.
B. Saikumar
HR & Labour Law Advisor
Mumbai
From India, Mumbai
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B. Saikumar
HR & Labour Law Advisor
Mumbai
From India, Mumbai
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Gratuity-Leave calculation on CTC-Rev..xls
CTC - Variable Component.pdf