No Tags Found!

SH

Shai89308

Executive Hr

AS

Ammu Shanvi

Human Resource

GS

G SHASHI KRISHNA

Senior Manager - Hr

AH

Aizant HR

Human Resources

MA

MARSHAL

Safety Officer

AK

Anish Katoch

Hr Executive

PR

PranjalR

Hr Recruiter

AP

Alka Pal

Hr Executive

Karthikeyan8195

Management Consultant

MK

Mohit Kumar Puri

Head Marketing

AU

Austex

Accounts Manager


p.susanta86@gmail.com
4

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
umakanthan53
5967

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
shankarsurya
Dear Sir/Madam, One of our employee admit in pvt hospital ,can he claim the amount from esic
From United Kingdom, undefined
Naveen lakhera
3

This is (15/26)/12 = 4.81 % per month of Basic and DA
From India, New Delhi
Saaivel
4

Dear Sushanta, Gratuity is part of CTC. 4.8℅ is calculated from the Basis+DA as a Gratuity. Regards, Vadivel E
From India, Chennai
Babu Alexander
294

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
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.




About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2025 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.