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FloatingLlama
FloatingLlama
PhonePe

Gratituty part of ctc

Why does gratituty should be part of Ctc.

I hate it though ?

12mo ago
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JazzyTaco
JazzyTaco
Tao12mo

Horrible stuff. They are supposed to pay from companies side by law but they deduct from us.

QuirkyPancake
QuirkyPancake
Morgan Stanley12mo

Its only fair. Gratuity is actually a cost to the company and hence mentioned in the 'CTC'

SqueakyQuokka
SqueakyQuokka
Microsoft12mo

It only becomes a cost to the company in the year when it is supposed to be paid.

It is also a function of your last drawn salary. Can you predict now what your salary will be after 5 years?

I'm not sure how they reconcile deducted gratuity over 5 years with actual payout.

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