Is Gratuity part of CTC (Cost of Company)? It’s a company discretion whether they want to make Gratuity part in employee’s CTC or not. The argument of not including Gratuity in CTC is that employee becomes eligible for gratuity only after completion of 5 years so how come a company ca...
Some companies make it as part of CTC and some do not mention it as part of CTC. 3) Can an employer pay gratuity more than what is prescribed? An employer is allowed to pay an amount greater than what is applicable to the employee as gratuity. 4) If an employee has been retrenched ...
Generally Gratuity contribution is 4.81% of Basic and it is the part of CTC. We will not post gratuity to FI every month and gratuity will be paid after completion of 5 years of service or seperation and mintain that in IT0015 thruogh gratuity WT ...this WT will be posted to FI. Mo...