Hi,
BOTTOM LINE.
Anything that is mentioned in the CTC is due by the company. If your company deducts Gratuity amount from the salary even that amount is payable if and when the employee leaves.(the deducted amount)
If the person has served more than 4.6-5 years in your company a proper gratuity calculation has to be done according to labour laws and paid in full.
Also the gratuity amount can be more than 3.5 lakhs there is no upper limit to gratuity amount the only thing is that anything above 3.5 lakh is taxable.
Regards,
AJ |