Dear Folks,
As you all are aware, govt have revised 'Gratuity Ceiling in Private Sector' from 10 Lacs to 20 Lacs, I am engaging with you all to know your perspective and ways to cope up with the impacts on employee and employer.
Scenario:
#) In Private sector practice is: 4.81% of basic from employee CTC is contributed to Gratuity Fund.
a) What implication it will have on employer and employee
b) Will this impact employee 'Salary'? If yes, how it will?
c) If there is any liability on company, what and how it will impact?
d) To cope up with the revision in Gratuity ceiling, what provisions employer should be doing?
Please share your valuable insights.
Regards, Shivam
As you all are aware, govt have revised 'Gratuity Ceiling in Private Sector' from 10 Lacs to 20 Lacs, I am engaging with you all to know your perspective and ways to cope up with the impacts on employee and employer.
Scenario:
#) In Private sector practice is: 4.81% of basic from employee CTC is contributed to Gratuity Fund.
a) What implication it will have on employer and employee
b) Will this impact employee 'Salary'? If yes, how it will?
c) If there is any liability on company, what and how it will impact?
d) To cope up with the revision in Gratuity ceiling, what provisions employer should be doing?
Please share your valuable insights.
Regards, Shivam