Dear Sir/Madam,
I have one doubt on gratuity % deduction while making CTC (CTC Breakup). PLEASE note:[B]My doubt is not what is the formula for calculating gratuity while giving back to employees after 5 years
1. What is % of gratuity deduction from CTC ?
2.Is that % (4.81%/ 4.83% 4.85%) calculated on BASIC+DA or GROSS ?
Thanks & Regards,
Susanta
From India, Bengaluru
4I have one doubt on gratuity % deduction while making CTC (CTC Breakup). PLEASE note:[B]My doubt is not what is the formula for calculating gratuity while giving back to employees after 5 years
1. What is % of gratuity deduction from CTC ?
2.Is that % (4.81%/ 4.83% 4.85%) calculated on BASIC+DA or GROSS ?
Thanks & Regards,
Susanta
From India, Bengaluru
Dear Susanta,
In fact, I am not able to understand your question for I think that C.T.C is the added value of all expenses incurred by the employer per employee per year.
Gratuity is calculated on the last drawn sum total of Basic and D.A only and not on gross salary.
From India, Salem
In fact, I am not able to understand your question for I think that C.T.C is the added value of all expenses incurred by the employer per employee per year.
Gratuity is calculated on the last drawn sum total of Basic and D.A only and not on gross salary.
From India, Salem
Dear Sir/Madam, One of our employee admit in pvt hospital ,can he claim the amount from esic
From United Kingdom, undefined
From United Kingdom, undefined
In my opinion Gratuity can never be a part of CTC. It is terminal benefit payable after completion of five years continuous service with an organisation. The employer, has to provide provisions / create actuarial reserve value for his employees ( now linked with LIC) on retirement / resignation after five years as per Gratuity Act
From India, Madras
From India, Madras
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REQUEST FOR DEDUCTION OF GRATUITY AMOUNT (2).pdf
PMRPY-DEDUCTION -SOLUTION.xls