As per the new wage code, the basic should be 50% of the total salary. So in implementing the same there is a gap in gratuity calculation as there is a difference between current basic salary and revised basic salary. And the difference is being recovered from employees by adjusting leaves/encashing leaves/increments.
Is it a fair practice as employees are at a great loss as they are losing their money? The government should look into this matter.
Is it a fair practice as employees are at a great loss as they are losing their money? The government should look into this matter.