Can Gratuity will be part of CTC? If yes then what was formula in monthly salary sheet/slip?
12th April 2019 From India, Surat
Dear Friend,
Graduity is not the part of CTC but many company's do the practise of adding it.
Graduity is payable after 5 years of continues service.
12th April 2019 From India, Mumbai
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
12th April 2019 From India, Madurai
Gratuity can be shown in the CTC as it is purely a contribution made by the employer only. But it need not be reflected in the monthly salary sheet as it does not form part of the monthly salary.
12th April 2019 From India, Salem
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