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Tax on gratuity received less then 5 year service
I am working in us based mnc in hyderabad and due to business change company is planning to close there india center. company was withholding 4.81 of our basic as gratuity. as company is closeing its india center so giveing gratutity on claulation of 4.81basic x no of month worked in company even employee has not served 5 year service in company. my questions are 1is gratuity act 1972 telling anywhere that employer can t pay gratutity on less then 5 year service. 2is in come tax rule is telling anywhere that one is suppose to pay tax on gratutiy if employer is giveing it on less then 5 year service. in our case are we suppose to pay tax on it or no. regards sanjay
Income tax
Dear seniors can any one explain me about income tax income tax slabs and exceptions income tax calculations income tax sections income tax deductions in andhra pradesh. i don t have a knowledge about this subject please help me. advance thanks.
Tax on super annuation fund
Please let me know the tax treatment on superannuation fund.. whether the tax will be calculated as per income tax slab or any fix percentage of tax will get applicable?
Please help me with the service tax issue?
Hi respected people i am the housekeeping service provider. and i have been charging the service tax to my clients however i have not registered for service tax. but i am paying the income tax and doing all sorts of returns. my doubt is though i charge service tax to my clients i am not paying it to service tax. will service tax department get to know about this though i have not registered for it? or will i face any other problem in future. please help. if i pay service tax i will have no profit i am planning to register for gst is that okay?
Can a company spoil the future of a former employee by withholding relieving the latter?
Dear members i worked as a manager in a company for 9 months. my involuntary resignation was done. the company made me resign by telling fi of 500/. after 2 months company sent my f&f. but my relieving latter was not send by company. because of this i have to join the position of another company i face trouble. i also talked to the hr manager or the zonal hr team. but he says that those who have involuntary resignation cannot be given relief. can a company spoil the future of a former employee by withholding relieving the latter? kindly provide suggestions on what can i do?
Income tax. & its deduction calculations
i am working in costruction industry. i had not idea income tax. explain me income tax cocept & its deductions & how can i save my tax. & which type of investment can do for tax saving .