dear all,
would u please assist me with reference to gratuity - that is paid after five years continued service to employees and it is calculated like this:
last availed salary*tenure period*15 days/26 days.
on other hand while taking the CTC we have Gratuity as 4.81% on Basic Salary.
now my confusion starts from here - when to take gratuity into account, after five years or on monthly basis. or whether this monthly calculation comes after 5 years?
please help me ,.......
thanks,
would u please assist me with reference to gratuity - that is paid after five years continued service to employees and it is calculated like this:
last availed salary*tenure period*15 days/26 days.
on other hand while taking the CTC we have Gratuity as 4.81% on Basic Salary.
now my confusion starts from here - when to take gratuity into account, after five years or on monthly basis. or whether this monthly calculation comes after 5 years?
please help me ,.......
thanks,