Gratuity Calculation [Thread 459708]

Beeam

What is the correct gratuity % can be added in CTC. Kindly help..Vijay
9th May 2013 From India, Dehra Dun

Kalaiselvan

Hi Vijay,
4.81% of annual basic will be treated as Gratuity Amount. yes, u had a option to include the Gratuity amount along with the CTC Amount.
Example of Gratuity Calculation :
Annual Basic : Rs.200000/-
Gratuity : 200000*4.81% ===>Rs.9620.00
9th May 2013

DE SOVRANI

Dear Senior,
Please explain this 4.81% of annual basic..is it fixed for all type of industry?we are in hotel industry.
Also is the amount is calculated per employee and accumulates in the books of accounts?
Thanks and Regards,
De Sovrani
11th May 2013 From India, Calcutta

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