Thu, May 02, 2024
Gratuity Calculation: An important thing about gratuity calculation is that if an employee works for more than 6 months, it will be calculated as one year.
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Fri, Mar 08, 2024
7th Pay Commission: The central government on Thursday evening announced an increment of four per cent in dearness allowance (DA) and dearness relief (DR), which has now increased from 46 per cent to 50 per cent Alongside that, Centre also announced an increase in the tax exemption limit of gratuity. The central government employees don't have to pay any tax up to Rs 25 lakh gratuity. The earlier limit for the same was Rs 20 lakh.
Sat, Sep 02, 2023
Employees are eligible to receive their gratuity only after completing five years in an organisation or a company. An employee is also eligible for gratuity in case of his death, under certain circumstances.
Mon, Jul 04, 2022
New wage code 2022: New labour codes can be implemented across the country may be this year. It can impact your salary, working hours and weekly offs. The Centre has finalised the four codes related to wages, social security, industrial relations and occupational safety. Now it is up to the states to implement them.
Tue, Nov 09, 2021
In this segment of Money Guru, know how to save tax on salary and gratuity?
Sat, Mar 13, 2021
There are number of rules affecting common man are all set to change from April 1. These changes will affect the people in many ways—right from your salary structure, EPF contribution, LTC vouchers, grtuity to ITR filing — most of these rules will change starting April 1.
Wed, Sep 30, 2020
Gratuity Payment: An employee's Gratuity is a loyalty benefit being given by the employer for serving the organisation for continuous five years or more.
Tue, Aug 25, 2020
The Government of India exempts gratuity income up to Rs 20 lakh for those employees who are covered under the Payment of Gratuity Act. For those, who are not covered, the exemption is allowed up to Rs 10 lakh
Thu, Aug 20, 2020
Gratuity Act: Gratuity Formula under the Gratuity Act 1972 says that an employee becomes eligible for the loyalty benefit if he has completed five years of regular service.
Fri, Aug 07, 2020
Gratuity Rules: Central government employees should know about this important fact about Gratuity. The gratuity income of a central government employee can be withheld at the time of his/her retirement under some special circumstances. Here is what you need to know
Wed, Jul 15, 2020
Gratuity Calculator: A person who has completed five years of regular service in an organisation is entitled for a gratuity benefit. But, for information to an employee, this rule does not apply in case of death or disablement.
Sat, Jul 04, 2020
Gratuity Tax Calculator: An employee working in an organisation for five years or more is eligible for gratuity income and where there is income, there is tax liability too.
Wed, Jul 01, 2020
If you have received a gratuity income from your company and want to know the tax liability on it, here is how you can do it easily. Your gratuity money is an income and is therefore taxable
Fri, May 29, 2020
7th Pay Commission payment: For Central Government employees and their families, it is important to know all the rules regarding 7th CPC payments. One such rule is death gratuity payment rate. An important fact about death gratuity is that Government of India has rationalised death gratuity payment for different lengths of service
Thu, May 21, 2020
In the event of an unfortunate death or disablement, the government has waived off the requirement of any minimum eligibility period
Fri, May 08, 2020
Gratuity Calculator Formula: Gratuity refers to an amount or money, which a recruiter pays to his employee in return for services offered by him to the organisation along with salary.
Thu, Apr 30, 2020
For central government employees, gratuity is one of the bigger payments that they can look forward to on retirement. However, they should know that gratuity income can be withheld at the time of retirement under some special circumstances
Wed, Apr 29, 2020
All leave for which leave salary is payable qualifies for pension and gratuity. Extraordinary leave (EOL) on medical certificate (MC) also qualifies for pension and gratuity. EOL without MC qualifies only on account of inability to join duty on civil commotion or when granted for a higher scientific & technical study qualifies
Mon, Apr 20, 2020
Employees are eligible to receive gratuity, among other allowances, after a few years of service. Both Central and state government employees become eligible for gratuity.
Wed, Apr 15, 2020
Gratuity eligibility: Wondering, what happens to your gratuity payment if you have to leave a company just short of completing five years due to a better offer or unforeseen happenings. Wondering if all your money could vanish just because you are short by just a few months? Know surprise answer!
Tue, Apr 07, 2020
Gratuity Calculator India 2020: Gratuity refers to an amount of money, which an employer pays to employees in return for services offered to the company.
Mon, Apr 06, 2020
A less talked yet important part of your salary is gratuity – a sum that you receive when employment ends. It is a form of acknowledgement given to an employee for the services that he has rendered.
Thu, Apr 02, 2020
Gratuity Tax Calculator: Have you received a gratuity payment from your company and want to know the tax liability on it. Your gratuity money is an income and is therefore taxable. Want to know how much will be your tax liability on the gratuity income that you have received. We will do the math for you
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