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
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
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.
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!!
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
