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gratuity

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(Querist)
23 July 2009 How to calculate and make provision for gratuity for every f.y year? and whats it effect in computation of income?
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Jiwan singh

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Jiwan singh (Expert)
24 July 2009 Calculation for Gratuity for pvt.co.

Basic salary * total working year*15/26

Gratuity dr
To Provision for Gratuity

Have to pay tax on this provision or disallow this provision

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