Can Gratuity will be part of CTC? If yes then what was formula in monthly salary sheet/slip?
From India, Surat
3From India, Surat
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Hai Friends,
Now a days all companies are adding Gratuity in the part of CTC.
At the same time that will not pay monthly. We will pay after completion of 5 years only.
For the CTC calculation purpose. Formula in monthly salary sheet.
Gratuity is calculated as 4.81% of your basic pay.
So, let's assume your basic pay is Rs.10,000 pm, then Rs. 481 will be contributed per month to your gratuity fund.
Regards,
RameshKumar S
Egston Electronics, Trichy, Tamilnadu, India.
9843110477
From India, Madurai
Now a days all companies are adding Gratuity in the part of CTC.
At the same time that will not pay monthly. We will pay after completion of 5 years only.
For the CTC calculation purpose. Formula in monthly salary sheet.
Gratuity is calculated as 4.81% of your basic pay.
So, let's assume your basic pay is Rs.10,000 pm, then Rs. 481 will be contributed per month to your gratuity fund.
Regards,
RameshKumar S
Egston Electronics, Trichy, Tamilnadu, India.
9843110477
From India, Madurai
Gratuity-Leave calculation on CTC-Rev..xls