K. Gopalakrishnan
15

Dear Bala
Good you have replied.
Only if anything happends to an employee's life - his surviving family members will get full gratuity amount - otherwise no use at all. You are correct Bala - most of the companies are not doing this - inclusion of gratuity in CTC - to my experience.
K. Gopalakrishnan

From India, Bangalore
hr.krishnakumar
14

What Dinakaran sir told about the Policy on payment of Gratuity in his organisation is quiet fair and showing good gesture towards its human resources.

If we use 4.81% formula while calculating gratuity for any employee, leaving the formula stipulated by the Act, the employee will loose some amount. Hence, 4.81% calculation may be used only while issuing CTC sheet to the employee and calculation shall be as per the Act.

Hope, the new labour code will give right direction to the HR Fraternity.

Thanks,

Krishna Kumar

From India, Hyderabad
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.






Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.