For a fresher who has joined the organization, do we have to add gratuity to salary breakup? Kindly help me with your valuable inputs, Thanks in advance.
From India, Mumbai
From India, Mumbai
Gratuity is payable once an employee leaves your organisation after completing five years of service. It is very common now a days to add the gratuity as part of cost to company. but I don't recommend it. It is only a manipulation of salary. If it is wrongly interpreted as his earning, obviously, you will be in trouble in future. Therefore, avoid such component.
From India, Kannur
4237From India, Kannur
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Gratuity calculation.doc
Gratuity Calculation tool.xls