Surander Started The Discussion:
Hi All, What is the maximum limit of gratuity if excess 3.5 lac can any one provided me link or rules. Regards, Surrender negi
Posted 11th December 2007 From India, Gurgaon
Question is not clear, however, i would still try to answer. The tax limit for gratuity is calculated as minimum of the following heads:

1. 15 days' salary, based on the last drawn salary, for each completed year of service

2. Rs. 3,50,000/-; or

3. The gratuity actually received.

Based on this you can probably suggest employees and create your reference.

The minimum period served should not be less than 5 years. You can relax this 5 year period though only as an employee friendly policy and you will not be found in contravention to the law.

Also please follow the minimum gratuity percentage to be kept aside from employee salary and employer's contribution to the same.
Posted 11th December 2007 From India, Mumbai
Hi All, Last drawn full gross salary, for each completed year of service the gratuity actually become mature. There is no limitations for that. Regard, Athar Hashmi
Posted 14th December 2007
After complition of 5 years of services then only you will entitled to get the benefit of Gratuity subject to complete 240 day in a year.
Posted 10th December 2008 From India, Calcutta



 
 
 
 







Found This Useful? +Vote Up This Via Google.  

Why Vote? User validation is extremely important for good content to prosper.
Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.

About Us - Advertise - Contact Us - RSS   On Google+  
Copyright 2016 Cite.Communities (CiteHR.Com) User contributions are owned by the contributor.
Privacy Policy | Disclaimer | Terms Of Service
Facebook Page | Follow Us On Twitter | Linkedin Network