Dear Professional Colleagues,
I need clarification and guidance on the following point:
Is their any instance in industry circles that Gratuity payable under Payment of Gratuity Act,1972 has been paid along with monthly salary to employees to absolve the Gratuity liability by Employer. Bonus in some industries paid as monthly salary/wage component. Like wise Gratuity can also be paid is my question.
It is very well known that Gratuity becomes part of CTC in most of the Companies, but can it be paid alongwith monthly salary of the Employee
I need clarification and guidance on the following point:
Is their any instance in industry circles that Gratuity payable under Payment of Gratuity Act,1972 has been paid along with monthly salary to employees to absolve the Gratuity liability by Employer. Bonus in some industries paid as monthly salary/wage component. Like wise Gratuity can also be paid is my question.
It is very well known that Gratuity becomes part of CTC in most of the Companies, but can it be paid alongwith monthly salary of the Employee