Hi All, Please let me know how other companies are adding Gratuity and Super annuation into Pay packages. Regards, P.S.Phani.
From India, Bangalore
1From India, Bangalore
4.81% of the basic will be gratuity But no idea of superannuation. Kindly anyone post the comments on superannuation pls. anupama
From India, Bangalore
From India, Bangalore
Superannuation is of choice of the person, if he wants that every month his supperannuation to be deducted from salary every month - tha same is done. But If he chooses to go for taking the amount then he gets --
Upto Dy. Manager - 9%
Above that 10% of basic.
Regards,
Abhi
From India, Mumbai
Upto Dy. Manager - 9%
Above that 10% of basic.
Regards,
Abhi
From India, Mumbai
Dear all,
As rightly said Gratuity is 4.81%. Superannuation is on the choice of the Comapny as well as employee with maximum limit of 15% of basic pay. Another limit is that if contribution towards superannuation more than one lac per annum, it becomes taxable.
KKT
From India, Delhi
As rightly said Gratuity is 4.81%. Superannuation is on the choice of the Comapny as well as employee with maximum limit of 15% of basic pay. Another limit is that if contribution towards superannuation more than one lac per annum, it becomes taxable.
KKT
From India, Delhi
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FORM-F-NOMINATI ON OF GRATUITY.pdf
Gratuity Form I.doc