Hi,
I have a query regegarding gratuity. My ctc has the component of GRATUITY and an amount is deducted on annual basis for it. If i leave this company after three years, will i be eligible to get that deducted gratuity amount, however as taxable.
Kindly advise...
From India, Delhi
I have a query regegarding gratuity. My ctc has the component of GRATUITY and an amount is deducted on annual basis for it. If i leave this company after three years, will i be eligible to get that deducted gratuity amount, however as taxable.
Kindly advise...
From India, Delhi
NO.
You will not be entitled to receive the deducted amount as "Gratuity" if you leave your current employer before 5 years.
Gratuity contribution has to be made by employers though it is seen that many employers deduct the same from employees.
It is better that you talk to your employer and ask them directly that if you leave before 5 years, if and, how will they pay you back the deducted amount.
From India, Mumbai
26You will not be entitled to receive the deducted amount as "Gratuity" if you leave your current employer before 5 years.
Gratuity contribution has to be made by employers though it is seen that many employers deduct the same from employees.
It is better that you talk to your employer and ask them directly that if you leave before 5 years, if and, how will they pay you back the deducted amount.
From India, Mumbai
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FORM-F-NOMINATI ON OF GRATUITY.pdf
Gratuity Form I.doc