Dear Sir(s)
Please help me to calculate gratuity amount, below are the details.
DOJ | 01-Jul-07 |
DOL | 16-Jan-18 |
Year service | |
Basic Salary | 45000.00 |
Provision |
Rahul Prajapati
(Student)
(2282 Points)
Replied 02 June 2018
Whether employee is a government or non government employee? covered under gratuity act or not ?
Jitendra
(MBA)
(27 Points)
Replied 02 June 2018
Rahul Prajapati
(Student)
(2282 Points)
Replied 02 June 2018
For non-government employees covered under the Gratuity Act, the income tax exemption on any gratuity received is least of the following:
Your Question, Exempt Lower of Following :
1. Rs. 10 Lakh
2. (10 Years 7 Month) 45000*15/26*11 = 2,85,577
3. Actual
Jitendra
(MBA)
(27 Points)
Replied 02 June 2018
Jitendra
(MBA)
(27 Points)
Replied 02 June 2018
Rahul Prajapati
(Student)
(2282 Points)
Replied 02 June 2018
Originally posted by : Jitendra | ||
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Thanks for replying with the precious advice. Could you just tell me if employee would have completed 10 years 6 months only. Could we consider 11 years. |
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No, You can't
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