I want to know whether Gratuity amount is paid by employer or Employee?
Further I want to know the gratuity amt. is paid by employee as a part of CTC- Will I get this amount back if I tend to leave the organisation before 5 years.
To my best knowledge, you become eligible for Gratuity only after 5 years of service.Isn't It?
Regards,
Rakhee
From India, Madras
1Further I want to know the gratuity amt. is paid by employee as a part of CTC- Will I get this amount back if I tend to leave the organisation before 5 years.
To my best knowledge, you become eligible for Gratuity only after 5 years of service.Isn't It?
Regards,
Rakhee
From India, Madras
Dear Rakhee,
Gratuity is paid by the Em-er to the Em-ee. This is a part of the CTC. If you refer the gratuity act then you will come to know the eligibility of it. If you left before, completing 5 yr continuous service then u will not become eligible to get it.
If you required further information pls. let me know.
You can mail me on
or 
Kedar
From India, Pune
Gratuity is paid by the Em-er to the Em-ee. This is a part of the CTC. If you refer the gratuity act then you will come to know the eligibility of it. If you left before, completing 5 yr continuous service then u will not become eligible to get it.
If you required further information pls. let me know.
You can mail me on
Kedar
From India, Pune
It is actually been deducted from Employee's CTC so it is indirectly paid by employee.
If a company states that your gratuity will be deducted from the date of Joining that means your amt. will be deducted every month but you will get if after 5 yrs and if you leave the co. before than its gone.
In this issue can be plz suggest how can we negotiate with the co. not to deduct gratuity. :-)
Regards.
From India, Madras
If a company states that your gratuity will be deducted from the date of Joining that means your amt. will be deducted every month but you will get if after 5 yrs and if you leave the co. before than its gone.
In this issue can be plz suggest how can we negotiate with the co. not to deduct gratuity. :-)
Regards.
From India, Madras
Hello Rakhi,
you need to understand the CTC funda first...
Being part of CTC is different and getting diducted from salary is different.
Refer to the post explaining the CTC here on citehr.
If you think that garduity is being taken from employee's pocket than you will also come up with an issue that an employer is taking away 24% of base salary as PF amount which is not actaully the case.
Regards,
From India, Ahmadabad
you need to understand the CTC funda first...
Being part of CTC is different and getting diducted from salary is different.
Refer to the post explaining the CTC here on citehr.
If you think that garduity is being taken from employee's pocket than you will also come up with an issue that an employer is taking away 24% of base salary as PF amount which is not actaully the case.
Regards,
From India, Ahmadabad
it is written that the x amt. will be the deduction from your salary on monthly basis as a part of Gratuity from the date of joining
And have also added the clause - "Please note that the Company PF and Gratutity have been deducted from the Special Allowance Bracket as the salary specified is Cost to Company."
Can you plz explain now?
Rgds/
From India, Madras
And have also added the clause - "Please note that the Company PF and Gratutity have been deducted from the Special Allowance Bracket as the salary specified is Cost to Company."
Can you plz explain now?
Rgds/
From India, Madras
Hi,
I shall appreciate if you can put over the entire salary structure here so that all can understand it in a better way. Put all the heads of your compensation package here...
you can also mail the same to me in a word or excel format so that i can put remarks in that and send back to you.
Regards,
From India, Ahmadabad
I shall appreciate if you can put over the entire salary structure here so that all can understand it in a better way. Put all the heads of your compensation package here...
you can also mail the same to me in a word or excel format so that i can put remarks in that and send back to you.
Regards,
From India, Ahmadabad
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FORM-F-NOMINATI ON OF GRATUITY.pdf
Gratuity Form I.doc