hi can any one give details of exgratia taxablity , In My ctc exgratia payment is there . raviraj
From India, New Delhi
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From India, New Delhi
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Dear All,
My friend's company is paying ex gratia at 4.81% of basic salary and not providing gratuity to employees who leave after 5 years. Therefore, employees completing 5 years are receiving a lower benefit since they cannot avail themselves of the gratuity act provision of "15 days basic salary based on the last drawn salary" due to the rise in salary over 5 years.
Is it possible for employees to request management to stop the ex gratia payment per month and provide a lump sum gratuity amount upon separation? Please suggest.
Thanks and regards,
From India, Nagpur
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My friend's company is paying ex gratia at 4.81% of basic salary and not providing gratuity to employees who leave after 5 years. Therefore, employees completing 5 years are receiving a lower benefit since they cannot avail themselves of the gratuity act provision of "15 days basic salary based on the last drawn salary" due to the rise in salary over 5 years.
Is it possible for employees to request management to stop the ex gratia payment per month and provide a lump sum gratuity amount upon separation? Please suggest.
Thanks and regards,
From India, Nagpur
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Payment of Gratuity Act, 1972 & The Rules.ppt
THE PAYMENT OF GRATUITY ACT 1972.doc