Hi all!!
What is CTC?
If i were to include Gratuity in CTC, is not required to be given to employee, if he was to resign by the end 3rd year?
Will the employer account this as his income on resignation of emloyee, as he was already expenses it?
Indicating that so much of Gratuity is payable if emloyee were to wor for 5 years (Approx) is fine.
Gratuity is calculated on last salary drawn, how can anyone comute it before 5th year??
Gratuity is a statutory payment and all employers are required to pay it, if an employee complete required period of service, then how this changes comparision?
Best Regards,
What is CTC?
If i were to include Gratuity in CTC, is not required to be given to employee, if he was to resign by the end 3rd year?
Will the employer account this as his income on resignation of emloyee, as he was already expenses it?
Indicating that so much of Gratuity is payable if emloyee were to wor for 5 years (Approx) is fine.
Gratuity is calculated on last salary drawn, how can anyone comute it before 5th year??
Gratuity is a statutory payment and all employers are required to pay it, if an employee complete required period of service, then how this changes comparision?
Best Regards,