Hi Ajay,
It is not advisable to include gratuity payment in CTC. It is always uncertain that the employee will receive gratuity or not as he needs to serve 5 years in an orgnisation to become eligible for grauity. Further, the grauity calculation of an employee depends upon how many years he served in the organisation. You cannot presume how many years an employee will work in your company. So it is better not to include the payment of grauity in CTC while giving offer letter. It should be shown in some miscellaneous head.
as regards your second query, in no case the employee can claim for gratuity without completing 5 years of service, which is statutory.
srihari rao
It is not advisable to include gratuity payment in CTC. It is always uncertain that the employee will receive gratuity or not as he needs to serve 5 years in an orgnisation to become eligible for grauity. Further, the grauity calculation of an employee depends upon how many years he served in the organisation. You cannot presume how many years an employee will work in your company. So it is better not to include the payment of grauity in CTC while giving offer letter. It should be shown in some miscellaneous head.
as regards your second query, in no case the employee can claim for gratuity without completing 5 years of service, which is statutory.
srihari rao