PF officer insisted on keeping basic as 51% of fixed CTC (fixed CTC = Gross salary + PF employer contribution + Gratuity Contribution)
doubts
1) Can we keep gratuity contribution as a part of fixed CTC?
2) as pf calculated on increased basic take home have been reduced, Is it mandatory to keep basic as 51% for PF calculation?
Please reply asap.
From India, Hyderabad
doubts
1) Can we keep gratuity contribution as a part of fixed CTC?
2) as pf calculated on increased basic take home have been reduced, Is it mandatory to keep basic as 51% for PF calculation?
Please reply asap.
From India, Hyderabad
There is no ruling or act on % of basic in CTC. It is generally considered as 40% of for non mentor and 50% for metro.
There is a risk in showing gratuity in CTC. Many employees have claimed gratuity after 3 or more years of service , since it was shown as part of CTC.
From India, Mumbai
46There is a risk in showing gratuity in CTC. Many employees have claimed gratuity after 3 or more years of service , since it was shown as part of CTC.
From India, Mumbai
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