Gratutity

This query is : Resolved

Share Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

25 February 2013 Hello Sir,
How to calculate gratutiy deduction if a person is getting prefessional fees u/s 194J

@VaibhavJ

@VaibhavJ (Expert)
Follow

25 February 2013 Hi,

Gratuity is paid to only employee on payroll & not consultant.

Can you give more details on receipt of gratuity.

Thanks!!

Message likes : 2 times

CA Prashant Gupta

CA Prashant Gupta (Expert)
Follow

25 February 2013 agree with VaibhavJ
when there is professional fee then there will not be any gratuity
sometime company do that when an employee retires they hire him as consultant. I think your case is like this
but in this gratuity exemption will not be calculated on days when he is working as consultant

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

25 February 2013 actually it is my sisters frnd's dad who got gratutiy, now she told me that two yrs before her father was employed with salary, and from 2 yrs onwards he is on contract basis.

@VaibhavJ

@VaibhavJ (Expert)
Follow

25 February 2013 Hi

It seems that he has received gratuity for the tenure for which he was on salary, so gratuity upto Rs. 10L is exempt from IT.

Thanks!!

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Prashant Kotecha

Akhilesh Chandra

Vasudevan Santhanam

CA Saurabh Jadhav

shobi H

Subscribe Now

Gratutity

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Accountant

Senior Executive

GST CONSULTANCY

CA Final

Manager- Finance and Compliance