Hi Guys,
Its been a while since I visited CiteHR. How are you all?
So, today I have came up with few questions related to Gratuity. Before the question, I will try my best to explain the exact scenario:
Our company has been incorporated before 6 years. At the early stage, we were not having proper CTC structure and there were no provision of Gratuity component in our structure. Later on after 2 years, we introduced Gratuity component in our CTC structure and it's been 4 years now to that implementation.
We have an employee who was with us since day 1. So, he has been associated with us since 6 years.
To calculate gratuity,
Do we need to consider 4 years (Since we implemented it) or 6 years (Since he joined)?
He had put resign after getting the hike in his salary, So should we consider his previous Basic salary or updated basic salary after increment?
Please let me know soonest if possible.
Its been a while since I visited CiteHR. How are you all?
So, today I have came up with few questions related to Gratuity. Before the question, I will try my best to explain the exact scenario:
Our company has been incorporated before 6 years. At the early stage, we were not having proper CTC structure and there were no provision of Gratuity component in our structure. Later on after 2 years, we introduced Gratuity component in our CTC structure and it's been 4 years now to that implementation.
We have an employee who was with us since day 1. So, he has been associated with us since 6 years.
To calculate gratuity,
Do we need to consider 4 years (Since we implemented it) or 6 years (Since he joined)?
He had put resign after getting the hike in his salary, So should we consider his previous Basic salary or updated basic salary after increment?
Please let me know soonest if possible.