Dear All, This has been a wonderful site for problem resolution in areas of HR, and I appreciate the help rendered by the HR professionals. I do have a query regarding the restructuring of the compensation in the organization. We are in the process of redefining the basic pay and allowances and defining a fixed part of the total CTC. Given the current structure, the basic pay for many of the employees will reduce. Now, during the calculation of gratuity, the employee will have a reduced basic pay in the current year compared to the year before. So, how will the calculation take place?
Regards,
Pratima
From India, Mumbai
Acknowledge(0)
Amend(0)
10Regards,
Pratima
From India, Mumbai
Acknowledge(0)Amend(0)
The gratuity calculation is made on the last drawn basic +DA so that calculation shall be made on the latest basic pay plus DA being paid to the employee.
From India, New Delhi
Acknowledge(0)Amend(0)
From India, New Delhi
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Gratuity calculation.doc
ARREARS CALCULATION OF PAY AFTER ROPA 09 FOR W.B. GOVT EMPLOYEES.xls