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
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.
Found This Useful? +Vote Up This Page 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.
Explore Topical Knowledge Areas
Interesting Relevant Discussions