Hi dear HR professionals ,
I have some doubts regarding PF and Gratuity. Like
1. What is the the reason which we have the ceiling of Rs.350000 for gratuity ?
If it exceeds what may happen?
2. Is there any ceiling for PF amount to avail Income tax rebate.
Normally we do have tax rebate for PF amount. if there is any ceiling for the same, kindly assist me.
I am looking forward for your honest reply.
Warm Regards,
kannan
I have some doubts regarding PF and Gratuity. Like
1. What is the the reason which we have the ceiling of Rs.350000 for gratuity ?
If it exceeds what may happen?
2. Is there any ceiling for PF amount to avail Income tax rebate.
Normally we do have tax rebate for PF amount. if there is any ceiling for the same, kindly assist me.
I am looking forward for your honest reply.
Warm Regards,
kannan