Hi All, Please let me know how other companies are adding Gratuity and Super annuation into Pay packages. Regards, P.S.Phani.
From India, Bangalore
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1From India, Bangalore
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4.81% of the basic will be gratuity But no idea of superannuation. Kindly anyone post the comments on superannuation pls. anupama
From India, Bangalore
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From India, Bangalore
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Superannuation is a choice of the person. If he wants to have his superannuation deducted from his salary every month, that can be arranged. However, if he chooses to take the amount instead, the following percentages apply:
- Up to Deputy Manager: 9%
- Above that: 10% of basic.
Regards,
Abhi
From India, Mumbai
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- Up to Deputy Manager: 9%
- Above that: 10% of basic.
Regards,
Abhi
From India, Mumbai
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Dear all,
As rightly said, Gratuity is 4.81%. Superannuation is at the choice of the company as well as the employee, with a maximum limit of 15% of basic pay. Another limit is that if the contribution towards superannuation is more than one lakh per annum, it becomes taxable.
KKT
From India, Delhi
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As rightly said, Gratuity is 4.81%. Superannuation is at the choice of the company as well as the employee, with a maximum limit of 15% of basic pay. Another limit is that if the contribution towards superannuation is more than one lakh per annum, it becomes taxable.
KKT
From India, Delhi
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Abstr-pay-gratu ity.doc