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Explanation on various terms

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(Querist)
12 July 2012 Dear all,

Can anybody give me the explanation about the
terms like Service Compensation, Gratuity,
Ex-Gratia, Notice Pay etc.

Please also suggest formula to calculate the same if any?
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CA Lokesh Pokharna

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CA Lokesh Pokharna (Expert)
12 July 2012 service compensation means ctc.. gratuity u will revieve after ending of ur service.. ex gratia is surprice...

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