Grautity

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Govind

Govind (Querist)
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09 February 2012 Is grautity is the part of the CTC ?

CA. Hari Kishan

CA. Hari Kishan (Expert)
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09 February 2012 Gratuity is payable to a person who is in continious service of 5 years with the company.. hence i am of the opinion that when a employee is offered a job and ctc is prepared,, gratuity shall not form part of ctc for such years,,

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Govind

Govind (Querist)
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11 February 2012 If it is not the part of the CTC then whate ver premium paid by the employer to maintain grautity fund how it will be treated ? wheater it will be expenses for the company if yes then it should be over & above the CTC ?

CA. Hari Kishan

CA. Hari Kishan (Expert)
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11 February 2012 Yes a gratuity fund may be created.. and may be accounted separately.. it shall be over and above gratuity.. again there are companies who would allocate the same and treat it as a part of CTC,, i am of the opinion that the same be expensed off..

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