Re: LTA & Ex-Gratia Payment Hi Sweetu,
LTA & Ex gratia if mentioned as part of CTC is surely due to the employee after resignation (pro rata)
Now more than thinking about legal implications , we must remember that HR has to play a prime role in being Ethical.
I saw in replies to you about Grauity
grauity is due after 5 yrs or 4.6 , but if there is any amendment to Grauity scheme in your company (please read), then it is due in Six months
we had such amendment in my old company
Calculatiion was @4.89% of Basic per month
If gratuity too forms a part of CTC, then the same should be paid to the employee |