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Can an Employer deduct Gratuity & Dress Expenses from CTC of the Employee, Accounting - Auditing |
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Can an Employer deduct Gratuity & Dress Expenses from CTC of the Employee |
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Dear All. I have a basic quary regarding Salary of a Employee. The case is "our employer prop[osed to pay salary as follows": Basic 10589.00 HRA 7943.00 Conveyance 7943.00 Gross26475.00 Leave Pay 1470.00 Bonus 700.00 Dress60.00 Gratuity 463.00 Total CTC 29168.00
My quastion is "can our employer deduct Gratuity & Dress from our CTC or not, please confirm.
Regards, Anil Roy Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Yes Anil, Various companies do include Gratuity in the CTC of the employee as it reflects the provision made for gratuity to be paid to the employee, should he retire/resign after 5 years of service. As far as dress is concerned, it does not seem appropriate to deduct it from salary as it is given for performance of official duties (if I am not mistaken). Regards CA Deepak Nagori Page: 1 Old Query - New Comments are closed. |
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