Personal Finance24mo
by DizzyDonutStudent
Salary Structure
I'm a fresher and I don't really understand how companies structure CTC components. What is Base Pay, Special Allowance, etc. ? What all components are actually credited in our accounts?
MagicalPickle
Gratuity for private companies
Is gratuity payment dependent on the profits of the company. Recently my company shutdown due to some funding issue and we were told to leave. Upon asking for gratuity they are saying that company is going through financial challenges blah blah blah. Shouldn't gratuity fund be a separate account for companies? Kindly help me.
18mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
PeppyMarshmallow
Stealth18mo
If you’ve completed gratuity period, you should receive the amount.
MagicalPickle
Grassdoor18mo
Wat will happen if company is bankrupt? How are these cases handled?
PeppyMarshmallow
Stealth18mo
- Employers cannot refuse to pay gratuity even during bankruptcy – An organisation is liable to pay gratuity to its employees even if it declares bankruptcy. No court decree or order can restrict an employer against it.
Read more: https://groww.in/p/tax/gratuity-rules#
SparklyBurrito
Stealth18mo
If you have been in the company for more than 5 years ( or 4 years 190 days) you are eligible for gratuity.
Even if the company is filing for bankruptcy, they need to pay gratuity and usually a separate fund is created by the Company to pay gratuity.
The best you can do is to send them notices and reminders for payment of gratuity and file a complaint with the labour commissioner
MagicalPickle
Grassdoor18mo
Yes, this is what I was searching for, A separate fund. Is this compulsory for all companies?
SparklyBurrito
Stealth18mo
Not compulsory, you can look at the employee policies or financial statements. It's mentioned there, the terminology used is 'Funded' in the financial statements
Discover more
Curated from across
Office Gossip28mo
by SleepyDumplingSoftware Engineer
Labour Laws that you always wanted to know
What are some of the questions related to labour law in India that you always wanted to know (probably something that your HR may not explicitly tell you) - Ask here!
Personal Finance19mo
by FloatingBagelUX/UI Designer
Received random salary a year later
i have received some amount today from Cognizant as salary today. But the catch is that I worked in Cognizant a year ago ( left around Sept 2022 ) . And even joined another company which i resigned from this july. Right now i am on a bre...
by SillyBobaGames24x7
How to file a complaint against a company for not giving salary in India?
Hey, experts of the Internet, I have a friend was working with a (not so small) company that I am not currently mentioning here so that they don’t have anything against me. My company always delayed giving us the salaries, claiming that ...