CTC Full Form: CTC stands for Cost to Company. It is among the key aspects of the HR department. It refers to the overall cost that a company bears to recruit and retain employees in a year. It ...
A lump-sum benefit employers pay employees as a reward for loyalty & long service. Gratuity = (Last Drawn Salary × 15 × No. of Years Worked) ÷ 26. Offer letters show gratuity as 4.81% of your annual ...
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Gratuity calculation in CTC: How is gratuity calculated as a portion of employee's CTC in offer letter; Check formula
Employers usually include gratuity and the employer's contribution to the Employees' Provident Fund (EPF) in the CTC (cost to company) stated in your offer letter when you join a new organisation.
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