Q&A
Home Top New Follow Journal Login
Powerpoint presentation on the Pyment of Gratuity Act, 1972
From India, Mumbai

Attached Files
Membership is required for download. Create An Account First
File Type: ppt the_payment_of_gratuity_act_1972_204.ppt (80.0 KB, 3959 views)

Thanks for this wonderful information. However, this ppt talks only about the formulae that is used to calculate the eligible gratuity for a person.
However, it would be great and also complete, if you could help calculate the tax payable on the gratuity.
The gratuity law very clearly states that the min period of eligibility is 5yrs and also more than 6months of service is treated as full year.
E.g if an employee completes, 8yrs8months, he is eligible for gratuity of 9yrs.
However, when the tax payable on this gratuity is calcuated, the employers still consider 8yrs and number of completed years and thus the employee ends up paying more tax. I think even for computing tax, 9yrs must be considered.
Comments pls
From India, Pune
Thanks so much for the powerpoint presentation on Payment of Gratuity. My company is a young company privately owned with a responsive leader that has the interest of his employees at heart. I am trying to overhaul the company's gratuity process and needs to get the correct calculation formular for effective implementation.
From Nigeria, Lagos



To ask a question or write a reply on this discussion you will need to create an account and login.



About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2017 Cite.Co™