Can Gratuity will be part of CTC? If yes then what was formula in monthly salary sheet/slip?
From India, Surat
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3From India, Surat
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Dear Friend, Graduity is not the part of CTC but many company’s do the practise of adding it. Graduity is payable after 5 years of continues service.
From India, Mumbai
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From India, Mumbai
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Hi Friends,
Nowadays, all companies are including Gratuity as part of the CTC. However, this amount is not paid monthly; it is disbursed only after completing 5 years of service. To calculate CTC, use the following formula in the monthly salary sheet: Gratuity is computed as 4.81% of your basic pay. For example, if your basic pay is Rs. 10,000 per month, Rs. 481 will be allocated monthly to your gratuity fund.
Regards, RameshKumar S Egston Electronics, Trichy, Tamil Nadu, India. 9843110477
From India, Madurai
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Nowadays, all companies are including Gratuity as part of the CTC. However, this amount is not paid monthly; it is disbursed only after completing 5 years of service. To calculate CTC, use the following formula in the monthly salary sheet: Gratuity is computed as 4.81% of your basic pay. For example, if your basic pay is Rs. 10,000 per month, Rs. 481 will be allocated monthly to your gratuity fund.
Regards, RameshKumar S Egston Electronics, Trichy, Tamil Nadu, India. 9843110477
From India, Madurai
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Gratuity-Leave calculation on CTC-Rev..xls