Results 1 - 15 of about 141 sawaal for "gratuity"
Background1. Before the enactment of the Payment of Gratuity Act, 1972, there were two State Lawsproviding for payment of gratuity. These were the Kerala Industrial Employees Payment ofGratuity Act, 1970 and the West Bengal Employees Payment of Gratuity Act, 1971. The questionof having a Central Legislation on the subject was discussed in the Labour Ministers Conferenceheld in New Delhi on 24 and 25
Posted in
Colleges by abhishek at 11:39 PM on May 06, 2010
partnership firm4. Allowance for foreign service5. Gratuities6. Commutation of pension7. Leave salary of central government employees8. Voluntary retirement or separation payment9. Life insurance receipts10 of by the citizens of India who are in government service so that they can accumulate tax-free perquisites and allowances received outside India.5. GratuitiesUnder the provisions of Section 1010 of the IT Act, any
Posted in
Personal Finance & Tax by Seema at 12:32 PM on May 18, 2008
Hi,For details, please refer to the links;http://goo.gl/Zgk9A http://goo.gl/IZYeKhttp ://goo.gl/Om2Fk
Posted in
Consumer Rights by Anonymous at 6:26 PM on May 29, 2012
Posted in
Miscellaneous by Anonymous at 1:31 AM on December 05, 2009
Gratuity is mostly calculated on the basis of last salary drawn.At the rate of 15 days salary for every year of service put in.For example if a person had put in 20 years service and his last drawn based on the number of years the employee has stayed in the company....monthsalary-divided by 26 into15 in to number year in service...he gratuity willl be calculated according to the formula:Gratuity
Posted in
Personal Finance & Tax by MaverickMonk at 12:04 AM on August 19, 2007
You are eligible to gent interest for the payment of gratuity delayed by adminstrative reasons. But, you should ensure as to the fact whether you had completed all formalities such as siging of all documents and submission of documents, photos, etc. If you lapse is at your fault, you can not get interest on delayed payment of gratuity even if it is a minor mistake. Please go to your office and confirm
Posted in
Law by VENU GOPALAN at 12:26 AM on April 03, 2009
are in government service so that they can accumulate tax-free perquisites and allowances received outside India.5. GratuitiesUnder the provisions of Section 1010 of the IT Act, any death-cum-retirement gratuity of a government servant is completely exempt from income tax. However, in respect of private sector employees gratuity received on retirement or on becoming incapacitated or on termination or any gratuity received
Posted in
Personal Finance & Tax by Nagendra at 6:54 PM on April 04, 2008
Gratuity is reward money for continuous service for a specified number of years of service. Gratuity is paid to an employee, in addition to his salary, bonus, commission, etc., when he leaves the service of his employer....Gratuity is a lump sum payment made based on the total service of an employee either on retirement or death. It is calculated as so many months pay with reference to his service
Posted in
Personal Finance & Tax by akbarali at 8:45 PM on September 19, 2007
It is the duty of the employer to pay the gratuity to the employees at the time of later leaving the job for the reason whatsoever it may be. You may approach the employer in person and asked about your gratuity. In case, he refuse to pay you the gratuity, you may send a legal notice through your lawyer and file a petition before the Labour Court for recovery of gratuity with interest.
Posted in
Consumer Rights by sundaram nar at 1:13 AM on June 07, 2009
Hi Samira, Gratuity is a lump sum amount that an employer pays the employee on contract when he retires or resigns from the organization. An employee does not contribute any portion of his salary towards this amount. The rationale for gratuity is to encourage employees to offer longer service to the employer and to ease the termination of contract of employment by offering the sum of gratuity
Posted in
Jobs & Careers by Samira Gupta at 9:15 PM on March 02, 2013
