Grautity
This query is : Resolved
09 February 2012
Gratuity is payable to a person who is in continious service of 5 years with the company.. hence i am of the opinion that when a employee is offered a job and ctc is prepared,, gratuity shall not form part of ctc for such years,,
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11 February 2012
If it is not the part of the CTC then whate ver premium paid by the employer to maintain grautity fund how it will be treated ? wheater it will be expenses for the company if yes then it should be over & above the CTC ?
11 February 2012
Yes a gratuity fund may be created.. and may be accounted separately.. it shall be over and above gratuity.. again there are companies who would allocate the same and treat it as a part of CTC,, i am of the opinion that the same be expensed off..
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