Dear All,
I need your help in clarifying my doubts. I have worked with an organization where Gratuity was part of my CTC. This means that my negotiated CTC had a component of Gratuity in it. Normally, the Gratuity act states that one can only receive it if they have worked for 5 years in an organization. However, in my case, Gratuity was part of the CTC. Should I receive it from my company or not? Please let me know the details.
Best Wishes,
Pankaj Arora
From India, New Delhi
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I need your help in clarifying my doubts. I have worked with an organization where Gratuity was part of my CTC. This means that my negotiated CTC had a component of Gratuity in it. Normally, the Gratuity act states that one can only receive it if they have worked for 5 years in an organization. However, in my case, Gratuity was part of the CTC. Should I receive it from my company or not? Please let me know the details.
Best Wishes,
Pankaj Arora
From India, New Delhi
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Dear Pankaj,
Many organizations include Gratuity (which is generally calculated at 4.80%) when determining the CTC. Therefore, if you have completed 5 years in this organization and are now leaving, you can claim your gratuity; otherwise, you will need to wait for 5 years.
Thanks,
Suhas Garde
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1Many organizations include Gratuity (which is generally calculated at 4.80%) when determining the CTC. Therefore, if you have completed 5 years in this organization and are now leaving, you can claim your gratuity; otherwise, you will need to wait for 5 years.
Thanks,
Suhas Garde
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