What is Gratuity?

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
07 August 2010 One of my friend is elgible to get following salary from the employer but he wants to know that what in hand salary (after deduction) he will get monthly???Company has given him breakup as follows:::

Basic+HRA+Con+Spl. allowance=15050/- P.m

(Other benefits)= EPF=384/-

Gratuity= 154/-

Medicalim=133/-

SO what in hand salary he will be entitled for?

and what is gratuity? and how it will be calculated and when he will get it?

Thanks!!!

07 August 2010 Your friend may get salary in hand after deducted Rs.384 of employee share of PF is Rs.(15050-384)Rs.14666 plus Rs.133 if the medical bills provided monthly, Gratuity is accumulated , if he completes the 5 years of employement with the present employer he can get the same while resigning or retirement

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
10 August 2010 thanks alot sir!


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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details