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What else can I help you with?
Is gratuity comes under cost to the company?
Gratuity is supposed to be paid by the employer and should not come under the cost to company. The reasons are if Gratuity is added to the CTC, then the same should be paid to the individual during his seperation. Gratuity should normally be mentioned seperately on the offer letter. Regards, Sriram Send your replies to smarirs@yahoo.com
Do you need a separate bank account to disburse the gratuity?
No. There is no such requirement. Gratuity can be paid into your existing bank account itself. If you do not have a bank account already, in that case you may need to open one in order to get the gratuity disbursement but if you have one you can use it.
What is the maximum amount of gratuity paid to an employee as per recent central government notification?
10 L
Payment of Gratuity in case of termination?
In case of termination, an employee may be entitled to gratuity based on the terms of their employment contract or local labor laws. It is important to review the specific circumstances of the termination and consult relevant regulations to determine if gratuity should be paid and at what amount. Typically, gratuity is calculated based on the employee's length of service and last drawn salary.
What is the accounting entry for provision for gratuity?
Gratuity a/c dr Provision for gratuity a/c
Rented 3 banquet rooms for wedding reception also paid for a wait staff and bartenders and beverages 18 percent gratuity bill was added to everything.. Is that legal?
You should check the contract. It probably specifies in there that they will add the gratuity.
How do you say 'gratuity' in Spanish?
gratificación - gratuity
Is gratuity part of salary?
Gratuity means tip
What is a synonym for gratuity?
A gratuity is more commonly known as a tip.
What is another word for tip?
Another word for tip is gratuity.
What is the Formula for calculating pension equivalent of gratuity?
pension equivalent gratuity
What is provident fund and gratuity?
PF and Gratuity are two schemes designed to benefit the employees of the private sector. In PF a small portion of the employees salary is deducted and deposited with the government PF office and at the time of retirement it is paid as a lump sum to help the employee lead his life peacefully in spite of retirement and loss of monthly income. Gratuity is a scheme to motivate people to serve for longer durations with the same employer. Anybody who has served an organization for more than 5 years is eligible for Gratuity. A portion of your last drawn salary would be multiplied with the number of years of service and paid out to you when you leave an organization after years of service.
