Gratuity

Save Share

This query is : Resolved

Ankit Jain (Querist)

03 February 2009 I am working with an org. and they are deducting 8000 p.a Gratuity from CTC. I need to know whether i will get this money bck if i leave this org. before 5 years or whether this money will be transferred to my next employer or not.

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)

03 February 2009 First of all you should have brek up of that deduction. Then based on type of deduction the refundability or claim or transfer has to be known. Kinldy post the break up then i can inform you.

K V Subba Rao

K V Subba Rao (Expert)

03 February 2009 Based on information provided in Query, Employer is under no obligation either to pay to Employee or transfer to new Employer

Ankit Jain

Ankit Jain (Querist)

04 February 2009 Break up of Gratuity is 4.81% of basic salary

K V Subba Rao

K V Subba Rao (Expert)

08 February 2009 Gratuity is always 4.81 % of Pay+DA. The pecentage of 4.81 is arrived as follows:

Rs 100 x 15/26 Days / 12

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now