Dear,
Gratuity not a part of CTC, and not a break up in ctc. if employee completed five yrs or not than not calculating in ctc.
with warm regards,
Paresh m.Vyas
(Advocate & Labour Laws Consultant(M))
Email :-
ahoo.co.in
From India, Mumbai
3Gratuity not a part of CTC, and not a break up in ctc. if employee completed five yrs or not than not calculating in ctc.
with warm regards,
Paresh m.Vyas
(Advocate & Labour Laws Consultant(M))
Email :-
From India, Mumbai
Dear,
As far as my knowledge is concern, Gratuity is completly Employer's contribution.
Employer can mention the gratuity contribution in Appointment Letter, provided it is mentioned in appointment letter that employer would be contributing gratuity part and employee can claim his gratuity after completion of 5 years only.
In Case employee resigned before 5 years then the employee is not suppose to claim his gratuity amount (As mentioned in Appointmen letter-Gratuity is contributed by employer).
In case employee's tenure is closed with organisation before 5 years due to termination, then employee can claim his gratuity amount.
For details please go through the attachments.
Note: Always avoid mentioning grauity contribution in any correspondence which needs to be handed over to the employee, e.g salary slip etc.
Thanks & Best Regards
Prem Singh Rawat
The Department of Human Resources
From India, Delhi
As far as my knowledge is concern, Gratuity is completly Employer's contribution.
Employer can mention the gratuity contribution in Appointment Letter, provided it is mentioned in appointment letter that employer would be contributing gratuity part and employee can claim his gratuity after completion of 5 years only.
In Case employee resigned before 5 years then the employee is not suppose to claim his gratuity amount (As mentioned in Appointmen letter-Gratuity is contributed by employer).
In case employee's tenure is closed with organisation before 5 years due to termination, then employee can claim his gratuity amount.
For details please go through the attachments.
Note: Always avoid mentioning grauity contribution in any correspondence which needs to be handed over to the employee, e.g salary slip etc.
Thanks & Best Regards
Prem Singh Rawat
The Department of Human Resources
From India, Delhi
Hi
Since CTC means Cost to the Company, all expenditure made from the company's coffers with respect to the employee ( and which will not be spent if the employee does not exist) needs to be taken into account.We must remember that we are not talking about salary or remuneration
regards
N.Balan
RVMN Associates
CSG Group
From India, Bangalore
Since CTC means Cost to the Company, all expenditure made from the company's coffers with respect to the employee ( and which will not be spent if the employee does not exist) needs to be taken into account.We must remember that we are not talking about salary or remuneration
regards
N.Balan
RVMN Associates
CSG Group
From India, Bangalore
who is the controlling authority of the gratuity.who will pay gratuity amount is it employer or government controlling authority?
From India, New Delhi
From India, New Delhi
HI,
I want know If employee has completed his six years so he will get grauity only for 5 years or for 6 years.
*Terminated Employee if he has completed his 5 yrs in organization so Is he eligible for gratuity?
*Gratuity calculation becomes only for 5 yrs not more than 5 yrs if employee has completed his 7 yrs or 8 yrs" Is it?
From India, Mumbai
I want know If employee has completed his six years so he will get grauity only for 5 years or for 6 years.
*Terminated Employee if he has completed his 5 yrs in organization so Is he eligible for gratuity?
*Gratuity calculation becomes only for 5 yrs not more than 5 yrs if employee has completed his 7 yrs or 8 yrs" Is it?
From India, Mumbai
For non government employees (Private company employees) who are not covered under the Gratuity Act, the below formula is followed for calculating the Gratuity.
Gratuity =Average Salary x 1/2 x No of years of service.
Average means 10 months of salary (Basic + DA + Commission) proceeding the month of retirement /resignation.
In the above calculation who are not covered under the Gratuity Act means which category of companies.
Generally more than 10 employees is applicable and we are following with Basic x15/26 days x years of service formula.
Where the above will workout.
Can any one please explain.
moreover explain about the new 20 lakhs slab formula ammendment
From India , Mumbai
Gratuity =Average Salary x 1/2 x No of years of service.
Average means 10 months of salary (Basic + DA + Commission) proceeding the month of retirement /resignation.
In the above calculation who are not covered under the Gratuity Act means which category of companies.
Generally more than 10 employees is applicable and we are following with Basic x15/26 days x years of service formula.
Where the above will workout.
Can any one please explain.
moreover explain about the new 20 lakhs slab formula ammendment
From India , Mumbai
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FORM-F-NOMINATI ON OF GRATUITY.pdf
Gratuity Form I.doc
PF form 2 part A.jpg