[COLOR="Navy"]Hi,
Our Gratuity amount under CTC included & same has been deducted @4.81 % of Basic pay. But I am leaving the Job before 4 years. So that, I am elgible for gratuity amount refund. Or if any law existance to refund amount before 4 years. Pl. help me.
Best Regards,
Gajanan C[/COLOR]
From India, Delhi
Our Gratuity amount under CTC included & same has been deducted @4.81 % of Basic pay. But I am leaving the Job before 4 years. So that, I am elgible for gratuity amount refund. Or if any law existance to refund amount before 4 years. Pl. help me.
Best Regards,
Gajanan C[/COLOR]
From India, Delhi
117
Dear Gajanan
First of all the Gratuity amount cannot be added in CTC and even it cannot be deducted from the Salary any employee. The Gratuity is a reward given to an employee while leaving the service/death or retirement as a recognition for his long service.
The company concerned can get a Insurance Policy for Gratuity of its employees to reduce their load for payment of Gratuity, in that case if an employee leave the service/Retire or dies then the payment part will be taken care by the insurance company if the employee eligible for Gratuity.
From India, Kumbakonam
First of all the Gratuity amount cannot be added in CTC and even it cannot be deducted from the Salary any employee. The Gratuity is a reward given to an employee while leaving the service/death or retirement as a recognition for his long service.
The company concerned can get a Insurance Policy for Gratuity of its employees to reduce their load for payment of Gratuity, in that case if an employee leave the service/Retire or dies then the payment part will be taken care by the insurance company if the employee eligible for Gratuity.
From India, Kumbakonam
Dear Gajanan
First of all the Gratuity amount cannot be added in CTC and even it cannot be deducted from the Salary any employee. The Gratuity is a reward given to an employee while leaving the service/death or retirement as a recognition for his long service.
The company concerned can get a Insurance Policy for Gratuity of its employees to reduce their load for payment of Gratuity, in that case if an employee leave the service/Retire or dies then the payment part will be taken care by the insurance company if the employee eligible for Gratuity.
From India, Kumbakonam
First of all the Gratuity amount cannot be added in CTC and even it cannot be deducted from the Salary any employee. The Gratuity is a reward given to an employee while leaving the service/death or retirement as a recognition for his long service.
The company concerned can get a Insurance Policy for Gratuity of its employees to reduce their load for payment of Gratuity, in that case if an employee leave the service/Retire or dies then the payment part will be taken care by the insurance company if the employee eligible for Gratuity.
From India, Kumbakonam
Dear Mr S.Bhaskar,
If the gratuity amount cannot be added in CTC and even it cannot be deducted from the Salary any employee. how the employees comes know that they need to with draw the same?
Gratuity is deducting in my CTC every month, its not added in gross, its added in CTC.
From India, Bangalore
If the gratuity amount cannot be added in CTC and even it cannot be deducted from the Salary any employee. how the employees comes know that they need to with draw the same?
Gratuity is deducting in my CTC every month, its not added in gross, its added in CTC.
From India, Bangalore
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Payment of Gratuity Act, 1972 & The Rules.ppt
THE PAYMENT OF GRATUITY ACT 1972.doc