Hi Moushomi,
Ex-Gratia is a part of CTC which is been attached as a predefined Bonus, and is been paid at the time of Diwali on pro-rata basis..
Because now a days has incorporated this structure in their CTC content to secure the employee that this much of amount will be paid at the time of diwali and will be calculated on pro-rata basis...
Regards,
Amit Seth.
From India, Ahmadabad
496Ex-Gratia is a part of CTC which is been attached as a predefined Bonus, and is been paid at the time of Diwali on pro-rata basis..
Because now a days has incorporated this structure in their CTC content to secure the employee that this much of amount will be paid at the time of diwali and will be calculated on pro-rata basis...
Regards,
Amit Seth.
From India, Ahmadabad
Dear Sir,
An employee was appointed at X CTC, whose breakup includes exgratia. After two years HR while giving the increament letter puts a small clause that the exgratia payment will be done only if the employee is in service at the time of disbursal of exgratia without taking employees consent.
Since this exgratia amount was actually the part of salary of the employee. Can management say no to pay this amount if the employee is relieved before the disbusement day normally around Diwali.
Your immediate response would be of immense help.
Regards,
Rahul
An employee was appointed at X CTC, whose breakup includes exgratia. After two years HR while giving the increament letter puts a small clause that the exgratia payment will be done only if the employee is in service at the time of disbursal of exgratia without taking employees consent.
Since this exgratia amount was actually the part of salary of the employee. Can management say no to pay this amount if the employee is relieved before the disbusement day normally around Diwali.
Your immediate response would be of immense help.
Regards,
Rahul
Dear Rahul,
Ex-Gratia is an amount which is been added as pre-defined bonus.. as its a part of CTC so it must be paid even in case of separation whether its before or after diwali.. actually it is been paid on pro-rata basis, so at that time it must be paid according to his length of service.. if not defined any prior clause, in HR Policy..
Regards,
Amit Seth.
From India, Ahmadabad
Ex-Gratia is an amount which is been added as pre-defined bonus.. as its a part of CTC so it must be paid even in case of separation whether its before or after diwali.. actually it is been paid on pro-rata basis, so at that time it must be paid according to his length of service.. if not defined any prior clause, in HR Policy..
Regards,
Amit Seth.
From India, Ahmadabad
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