What is the correct gratuity % can be added in CTC. Kindly help..Vijay
From India, Meerut
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1From India, Meerut
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4.81% of the annual basic will be treated as the Gratuity Amount. Yes, you have the option to include the Gratuity amount along with the CTC Amount.
Example of Gratuity Calculation:
Annual Basic: Rs. 200,000/-
Gratuity: 200,000 * 4.81% ⇒ Rs. 9,620.00
Please let me know if you need further clarification or assistance.
Thank you.
Regards.
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Example of Gratuity Calculation:
Annual Basic: Rs. 200,000/-
Gratuity: 200,000 * 4.81% ⇒ Rs. 9,620.00
Please let me know if you need further clarification or assistance.
Thank you.
Regards.
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Understanding the 4.81% Annual Basic Gratuity
Please explain this 4.81% of annual basic. Is it fixed for all types of industries? We are in the hotel industry. Also, is the amount calculated per employee and accumulated in the books of accounts?
Thanks and Regards,
De Sovrani
From India, Calcutta
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Please explain this 4.81% of annual basic. Is it fixed for all types of industries? We are in the hotel industry. Also, is the amount calculated per employee and accumulated in the books of accounts?
Thanks and Regards,
De Sovrani
From India, Calcutta
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