Exgratia

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 July 2010 hello,
1. what is meant by exgratia?
2. how is it calculated?
3. Pls give an example.
4. is it calc on salary(standard monthly) or on actual salary based on no. of days worked?

thanks in advance

Sunil Kr. Sanganeria

Sunil Kr. Sanganeria (Expert)
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12 July 2010 Exgratia means a favor and not compelled by legal.When something has been given by employer as ex gratia, it has been done voluntarily, out of kindness or grace.

Generally at the time of festival or marraige of employee, the employer give some amount to employee as an exgratia.

There is no calculation. It depends on the whimps of the employer it can be any amount it may also vary from one employee to another employee.

It is taxable in the hands of the employee.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

12 July 2010 thank you Sunilji!!

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