Gratuity under CTC
Karthick (Finance Professional) (43 Points)
04 November 2024One of my clients would have shown Gratuity under employee CTC. Every month deducting the Gratuity and transferring to Gratuity Trust..
Expenses they are showing as below.
Debit (Staff Salaries)
Debit (Gratuity Employer)
Credit (Gratuity Payable to Trust)
Credit (Salary Payable to Employees)
Is it correct to show under CTC and show like this.. please clarify. Thank you!