AFTER SERVICE 31 YEAR the rule is 15days salary ,
assume (2400+600 DA)=3000*15/26
3000*15/26=1730.77 * 31 = 53654.00
SOLUTION BY ME ON EXAM IN DECEMBER 2010:-
3000*15/26=1730.77*31=53654.00
LAW(350000)
RECEIVEDRS. 75000.00
HENCE 53654.00BEING LEAST BALANCE75000(-) 21346.00 IS TAXABLE
I MEAN THAT IN DECEMBER 2010 EXAM IS350,000.00
PLEASE GUIDE ME asap
yes its correct and it will be ( 75000-53654 = Rs.21346) taxable if payment of gratuity act 1972 is applicable.
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