Criteria for applicability of gratuity in pvt ltd
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 December 2012
Dear
I want know the provision for applicability of gratuity in a pvt ltd co.
I want know the provision for applicability of gratuity in a pvt ltd co.
21 December 2012
Hi
It is applicable when employed 10 or more employee.
Formula is - Last Drawn Basic x 15 x No. of services/26 days
It is to be paid when employee completes 4 yrs & 320 days of services
Maximum amount exempted in 10 lacs p.a.
Thanks//Vaibhav
Revert for more clarity.
Click thank button to convey your appreciation.
It is applicable when employed 10 or more employee.
Formula is - Last Drawn Basic x 15 x No. of services/26 days
It is to be paid when employee completes 4 yrs & 320 days of services
Maximum amount exempted in 10 lacs p.a.
Thanks//Vaibhav
Revert for more clarity.
Click thank button to convey your appreciation.
CA BHARATH KUMAR
(Expert)
24 December 2012
yes applicable only for 10 or more employee worked .
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
- EPF ECR NEW FILE SEP 17TH 2026
- Capitalgain tax purposes for valuation report compulsory
- Import of Software Service.
- TDS on Fixed Assets purchased
- GST on Renting godown to KFCSC for Storage of Raagi
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Under marginal scheme
- TAX AUDIT ON PROFESSIONAL INCOME
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
