CTC Calculation - Gratuity Issue
This query is : Resolved
16 March 2024
Respected Seniors,
Greetings !
I have joined a company, and as per CTC, a certain amount as Gratuity component is also included. Every month there is Gratuity & Bonus included, but not paid with salary. As per my knowledge, I am supposed to received full CTC amount after completion of 12 months (subjected to deductions). If i am not getting this Gratuity amount every month, I must receive this amount at the time of leaving this company, as company has already deducted this from my Salary. But company is saying, you will get it if you leave company after 5 years only, otherwise it will be forfeited.
Please advise.
With best regards,
Greetings !
I have joined a company, and as per CTC, a certain amount as Gratuity component is also included. Every month there is Gratuity & Bonus included, but not paid with salary. As per my knowledge, I am supposed to received full CTC amount after completion of 12 months (subjected to deductions). If i am not getting this Gratuity amount every month, I must receive this amount at the time of leaving this company, as company has already deducted this from my Salary. But company is saying, you will get it if you leave company after 5 years only, otherwise it will be forfeited.
Please advise.
With best regards,
16 March 2024
Yes, company is on correct.
But, why it's deducted from Your salary.
Message likes :
1 times
18 March 2024
Dear Sir, Thank you for your reply. But in this way i am noting getting my CTC amount in full as mentioned in my appointment letter. Every year i will get lesser and lesser than CTC. Gratuity is on the account of company, i think, not part of CTC deduction. Please advise.
18 March 2024
Yes, Gratuity is on account of Company. Not in the part of Salary. Ask Your employer "What is Your Actual Salary". You can claim that Gratuity after completing 5years of service on retirement/releaving.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Credit profit and loss account in case of bonus share received
- How to determine cost of acquisition of shares on De-merger or Merger
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
