Allowability of Gratuity amount

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RAJASEKHAR (Querist)
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28 June 2016 hi all, my query regarding gratuity assesse is making provision his own calculation based on the Gratuity act by taking last month salary (15/27) without creating any gratuity trust or paying to LIC. whether above is called approved gratuity fund, in my opinion it is now approved gratuity fund accordingly disallowed the provision and not allowed when grauity payment made, clarify to whether it is correct or not????

Rupesh Jain

Rupesh Jain (Expert)
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29 June 2016 there are making payment under the gratuity act, then its allowed as when you make payment under income tax act, prov. not allowed under the income tax act.

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