• Tax Salary
    .) GRATUITY 1. Government Employee: Fully exempted from tax u/s 10(10)(i). 2. Non-Govt.Employee: (a) Employee covered by Payment of Gratuity Act,1972 Computation of Taxable Gratuity: Particulars ` ` Amount received as Gratuity xxx Less: Exemption u/s 10(10)(ii) Least of the followings: (i...
    Premium 3625 Words 15 Pages
  • Research
    paid to the employees under the Payment Of Gratuity Act, 1972 who have rendered continuous service for at least five years. The employee is eligible for 15 days pay for each completed year of service. The employer can also structure a gratuity that is higher than statutory requirements. It is...
    Premium 8688 Words 35 Pages
  • Police Corruption
    gratuities. One might conclude that when an officer accepts a minor gratuity such as a free cup of coffee or a free lunch, they have not committed an act of police corruption. This may be true in most cases but Del Pozo (2005) asserts that there are underlying risks when an officer accepts gratuities...
    Premium 9485 Words 38 Pages
  • Purchase Procedure
    Gratuity Act 1972. Rate of Gratuity Payable a) Under Payment of Gratuity Act:- 15 days wages for every completed year of service or part thereof in excess of 6 months by taking a month of 26 days subject to a maximum of Rs. 10.00 Lakh (w.e.f.24.05.2010) b) Under Death-cum-Retirement Gratuity Scheme...
    Premium 10473 Words 42 Pages
  • Labour Law
    Act), 1948 2.8 Payment of Gratuity Act, 1972 2.9 Payment of Bonus Act, 1965 2.10 Payment of Wages Act, 1936 Part 3 Labour Law Concessions 3.1 Labour Laws and SSI 3.2 Labour Laws and SEZ Part 4 Which court to approach in case of a labour dispute? 1. Judicial System in India 2...
    Premium 28822 Words 116 Pages
  • papers related finance
    Gratuity Act 1972. - Marks : 4 (a) Rs. 2,82,800 (b) Rs. 2,80,000 (c) Rs. 3,30,000 (d) Rs. 2,62,800 4. Nitish is a 30 year-old self employed youth and has been using the PPF account to accumulate Rs. 30,000 per year, for his future needs. The PPF account provides a compounded return of 8% p.a...
    Premium 4297 Words 18 Pages
  • industrial relations
    case of death and Insurance Act , Form VIB Form 16 Report of accident Regional ESI office within 48 hours in 143 case of accident 1948 Within 30 days of Payment of applicability of Gratuity Act, 1972 Form A Notice of opening Regional Labour...
    Premium 54932 Words 220 Pages
  • Group Insurance
     Employees’ Provident Funds Scheme, 1952  Employees’ Deposit Linked Insurance Scheme, 1976  Employees' Pension Scheme, 1995 d) The Maternity Benefit Act, 1961 e) The Payment of Bonus Act, 1965 f) The Payment of Gratuity Act, 1972...
    Premium 3580 Words 15 Pages
  • Salary and Wages Admin
    9. THE PAYMENT OF GRATUITY ACT, 1972 10. IMPLEMENTATION 11. WEBSITE DECLARATION I gopal lal kumawat hereby declare that I completed the project titled “VARIOUS LAWS APPLICABLE TO WAGE AND SALARY ADMINISTRATION “at Hindustan Zinc Limited, Bhilwara, as partial fulfillment of the...
    Premium 12580 Words 51 Pages
  • Fact Cochin Project Report 2012
    industries in general. 1. Factories Act, 1948 2. Excise Act, 1944 3. Sales tax Act, 1959 4. Industrial Disputes Act, 1947 5. Employee Staff welfare Act, 1948 6. Workmen Compensation Act, 1923 7. The Payment of Gratuity Act, 1972 8. The Payment of Wages Act, 1936 9. Trade Unions Act, 1926 10...
    Premium 7119 Words 29 Pages
  • Final Report of hrm at iffco
    productivity. SOCIAL SECURITY FUNCTIONS: PAYMENT OF GRATUITY ACT 1972 1. GROUP GRATUITY CUM LIFE INSURANCE SCHEME IFFCO has taken Group Gratuity-cum-life insurance scheme for its employees. Parul Institute of Management...
    Premium 9666 Words 39 Pages
  • Research Project on Employee Welfare
    Employee’s Provident Funds & Miscellaneous Provisions Act, 1952 4) The Family Pension Fund Act, 1995 5) The Employees Deposit Link Insurance Act, 1976 6) The Maternity Benefit Act, 1961 7) The Payment of Gratuity Act, 1972. 8) The Payment of Bonus Act, 1965. SOCIAL SECURITY MEASURE In BTM...
    Premium 10522 Words 43 Pages
  • Organization Structure Training at Bsnl
    gratuity) at the applicable rates as per Government Pension Rules, 1972 and FR & SR, to the Government who administers the same. b) Employees’ Provident Fund All directly recruited employees of the company are entitled to receive benefits under the Provident Fund. Both employees and employer make...
    Premium 6189 Words 25 Pages
  • Recruitment and Training of Financial Advisors for Sales Development and Market Survey for the Same
    liability contribution can be made in installments. Contributions are exempt under income tax act. Benefits to the members Max New York Life will provide statement of account every quarter. Free Actuarial Valuation for future gratuity liability...
    Premium 14389 Words 58 Pages
  • Payroll Management
    computation will be on the basis of monthly working based on 30 days. 18. Payment of gratuity: As per payment of gratuity act, 1972. The company started to make the payment of gratuity with effect from 1stapril 1977. Eligibility Gratuity shall be payable to an employee on the separation...
    Premium 14600 Words 59 Pages
  • Employment Laws
    Act, 1923. ● The Employees’ State Insurance (ESI) Act, 1948. ● The EPF & Misc. Provisions Act, 1952. ● The Payment of Gratuity Act, 1972. ● Equal Remuneration Act, 1976. ● The Maternity Benefit Act, 1961. Employment Laws • Factories Act 1948 prescribes measures for workers’ health, safety...
    Premium 1551 Words 7 Pages
  • CBI Policies
    payable under Gratuity Act, 1972 as amended: column I(e) : b) Gratuity payable as per BPS; column 2(d) above : c) Gratuity payable higher of column I(e), or II(d) : D) Details of persons to whom gratuity is payable in case of deceased employee (Give details of...
    19593 Words 79 Pages
  • Incomtax Act
    act , 1972 • In case of other employee 10/23/08 14 Gratuity to government employee • Any death cum retirement gratuity received by employee of central government , state government or local authority is wholly exempt from tax 10/23/08 15 Employee covered by payment of gratuity act...
    Premium 3067 Words 13 Pages
  • Hr Audit
    — delay beyond 1 month, attract interest @6% p.a. and penalty of up to 50% of the compensation. Certain other offences attract fine up to Rs. 500. V. PAYMENT OF GRATUITY ACT, 1972 An employee expects and deserves, as a matter of right, some reward when he retires after a long meritorious service and...
    Premium 3852 Words 16 Pages
  • Industrial Law of Indian
    wages as a general term would include The Payment of Gratuity Act, 1972 Introduction Important Definitions Authorities under the Act Payment & Provisions Nomination Case law Studies Introduction & Preliminary  Originally gratuity was considered as an amount given freely and could...
    Premium 9960 Words 40 Pages