CTC Calculation - Gratuity Issue
This query is : Resolved
Quick Summary
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.
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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.
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