Gratuity contribution due date
This query is : Resolved
13 November 2011
Is there any prescribed due date for Gratuity
Fund Contribution?
Fund Contribution?
13 November 2011
due date is prescribed and set by the fund managers ( LIC)
14 November 2011
Let me reply to your query in detail:
The payment of Gratuity act prescribes only that Gratuity should be paid to an elegible employee at prescribed rate.
It does not specify that you have to buy any policy for meeting the expense. However if you buy any policy (lets say with LIC gratuity fund or any other similar fund, then these people themselves do the acturial valuation on your behalf & tell you the premium that needs to be paid)
The payment of Gratuity act prescribes only that Gratuity should be paid to an elegible employee at prescribed rate.
It does not specify that you have to buy any policy for meeting the expense. However if you buy any policy (lets say with LIC gratuity fund or any other similar fund, then these people themselves do the acturial valuation on your behalf & tell you the premium that needs to be paid)
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Should I report my US salary for January, February, March in Schedule FA?
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- 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
- TDS on purchase of value vouchers for employees ?
- 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 ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
