Can you please explain about the percentage of calculation (500,000 CTC) for Gratuity, Allowance, variable allowance, meal coupons, and Annual PF?
Annual Basic: 238,200
Allowance: 156,000
Gratuity: 11,451
Variable Allowance: 51,482
Annual Meal Coupons: 13,200
Annual PF: 28,584
At the time of relieving, we calculate gratuity for the employee as 15 days' salary for a year (Salary = Basic + DA). How can we calculate and consider it in the monthly salary?
Looking forward to your reply.
Thanks in advance,
Shila
Dear Ashraf,
Greetings!
Monthly Basic: 19,850
Monthly Meal Coupons: 1,100
Monthly PF: 2,382
Annual Basic: 238,200
Allowance: 156,000
Gratuity: 11,451
Variable Allowance: 51,482
Annual Meal Coupons: 13,200
Annual PF: 28,584
CTC: 498,917
Regards,
John N