sritn01s ToxBingo 1800 - 1035-829 Ecs7Bingo| ‘support@taxbingo.com You ae hee Home > #8 > Gratuity ‘Support Gratuity Whats Gratuity? Whois eligible fr Gratuity? Whatis the Amount of Gratuity payable? Is Gratuity Taxable? Gratuity payment incase employee has worked for more than 5 years with same employer but in ferent establishment. What is Gratuity? rt spat of sly that recive by an evploye tom hh ploy in graude forthe svcs fee bythe employees the company: Who is eligible for Gratuity? "trl pee serves wih the event employe IS yer of more of continues snc then Gatti payaso any ind ‘Jn employee on his tminaton of erployment ate he has ender consnuous sac for not ks than 5 yeas 2 Onis speannuation oF , Oni retremet ors esanation or {© On isda or ilemen eto acento dame. Compltin of continuous ene oS yea ena neces where ternnaon fe due lo ath dsblemet. What is the Amount of Gratuity payable? “Te avount of gratuy payable US 2 af Gatuty Ac 3572 I cael bdow “Take your ls months Base Sly 1 you ae eile for Desmess lowarce, pense ak (Base + 0.8) ‘dete sbove amu by 25° Matty the sbove re by 15 Now Muto the rst of (6 bythe number of yeas of conpitad eves Tiss your Gratty Eton. Last Months 26,000 26 = Rs. 1,000, No.of years wore = 8; Hence 15,000 8 a 4 = Rs. 1, 20,000/-(GratultyEntttement) Please note: This san exanee for lusraton purpose only |s Gratuity Taxable? Gratulty recived by ‘ove Gratuity received By Employees Under enotoyee hiipdswo taxbngo.comiratuity Fim wesirt018 [And Employees of the Payment of Gratulty Act Local Authority Actua aut reeves 2135 cys aay or every colt et, opt ‘xcating ie mone oF 3.5. 10,00,09/ Meaning of salary (mics pl Destress tance (ia can aay {GNaot days 9 2 month to betaken a 26. TeBingo 1LAetua rt feceved 2 Hal maathsareaoe say ofeach compl 3.85.10,00,000: Meaning of satay: (ines lor O8 Gratuity payment in case employee has worked for more than 5 years with same employer but in different establishment. rranajamar.Erployee got his Fl and Fal om ABC Company Btn he ray amount a5 he has ripe 5 yer ther, Ho has spend athe 2.5 yesin coeany YZ and feigned, Ae tne of his Fal an fina, wl he be etge free? posnet ses bth the companies te und sae management and employee has compa 5.5 yeas to ganar both compan, Other Topics SELF ASSESSMENT TA (8) “TRC FAING USM OKITA. SHENATRE (6) PENSION (6) ca) LENE TRAVEL ALOWANCE (2) “x oEDUCTION AF SOURCE (705) () tous PROPERTY (4) ota cans 7) INTEREST ROM FED DEPOT, SAVINGS aK 0) ro 26 (7) Account) MEDICAL REMAUASENENT() wencr# (8) Leave Enea (6 pave oF TES (6) ‘owrren 6a ofoucTIONs (7) so ACEOUNT (6) ponent HNO C11) AonNce 9) se accounr 6) “AcFLNGS!) FUNDER SECTION 8913) TA PLAINS (9) hiipdhww taxbingo.comigratuity Fim