Gratuity
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
(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
(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
(Querist)
04 February 2009
Break up of Gratuity is 4.81% of basic salary
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
Rs 100 x 15/26 Days / 12
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