piyush naagar (3 Points)
12 March 2019M. Has retired from a private company on 30th November 2017. He was working since 16
1991. He received 2,00,000 as gratuity. His salary rude was 5,000-100-8,000-200-15.00
1st March, 2006. He was also getting D.A. 25% of Basic Salary: Calculate his exempted
(A) if he comes under Gratuity Act, (B) if he doesn't come under Gratuity Act....how can I solve this question
Kritika Shetty
(accounts)
(311 Points)
Replied 15 March 2019
(A) Employees Covered Under the Payment of Gratuity Act
Calculation of amount of gratuity exempted from tax :The least of the following is exempt from tax:
(B) Employees Not Covered Under the Payment of Gratuity Act
Calculation of amount of gratuity exempted from tax :: The least of the following are exempt from tax:
Kritika Shetty
(accounts)
(311 Points)
Replied 15 March 2019
(A) Employees Covered Under the Payment of Gratuity Act
Calculation of amount of gratuity exempted from tax :The least of the following is exempt from tax:
(B) Employees Not Covered Under the Payment of Gratuity Act
Calculation of amount of gratuity exempted from tax :: The least of the following are exempt from tax:
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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