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Old 16-11-2006, 03:17 PM
Sirisha Reddy's Avatar
Sirisha Reddy Sirisha Reddy is offline
Join Date: Oct 2006
Location: Hyderabad
Posts: 104
Default Re: LTA & Ex-Gratia Payment

Hi Sweetu,

About Gratuity, as per my knowledge, legally, all the employees (for organizations which have more than 10 employees) who have fulfilled thier 5 years service period with the company are entitled to get their gratuity and this amount is calculated by a formula

Gratuity = 15/26 X No of years of service X Basic wage at the time of departture.

LTA, as it is a part of CTC, it has to be paid to the employees.

Regards

Sirisha Reddy
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