Can any employer pay to his employee Gratuity of more than 20lakh rupees?
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Payment of gratuity
Replies (4)
no
yes he can... but the amount in excess of 20 lakhs is taxable if the employee is covered under gratuity act else amount in excess of 10 lakhs will be chargeable to tax
yes but in excess of 20lacks shall be taxable..
(1) actual gratuity receive..
2) 2000000 statutory limit..
3) 15/30× 10months of avg salary × no of year of services... (assumed gratuity act 1972 not appicable
least of the following shall be exempted as per s*x 10 (10)
(1) actual gratuity receive..
2) 2000000 statutory limit..
3) 15/30× 10months of avg salary × no of year of services... (assumed gratuity act 1972 not appicable
least of the following shall be exempted as per s*x 10 (10)
Right manish ji
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