Can Gratuity will be part of CTC? If yes then what was formula in monthly salary sheet/slip?
From India, Surat
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Umakanthan53
Labour Law & Hr Consultant
Ravi5554
Asst.manager -hr
Ramesz
Manager Hr

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.
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

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.
From India, Salem

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