No Tags Found!

As per Gratuity Act, 1972 the maximum amount payable is INR 20 lakhs. If a company decides to pay a higher amount as gratuity and puts the fact in the trust-deed, will IT dept approve the deed?
From India, Bengaluru

Hi, Gratuity as per payment of Gratuity Act , the maximum payment ceiling is Twenty Lakhs which will be tax free. Any amount paid over and above Twenty Lakhs will be subjected to Income Tax.
From India, Madras
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.

Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR

All Copyright And Trademarks in Posts Held By Respective Owners.