(2) The appropriate Government may, subject to such conditions as may be prescribed, exempt every employer who had already established an approved gratuity fund ...

The Act provides for payment of gratuity at the rate of 15 days wage s for each completed year of service subject to a maximum of Rs. ten lakh.

21 февр. 2022 г. · Income Tax Act, 1961 offers benefits under Section 36(1)(v) and Section 10(25)(iv) to claim deduction and exemption for gratuity.

Gratuity Trust. Employer has option to fund the liabilities for payment of gratuity by setting up an irrevocable Trust and making contributions to the Trust ...

11 мар. 2024 г. · These rules mandate the employers to incorporate an insurance fund for the payment of gratuity to employees. Following are the frequently asked questions ...

3 нояб. 2023 г. · This article delves into the world of Approved Gratuity Trust, providing an overview, benefits, formation process, and key compliance aspects.

Long Title: An Act to provide for a scheme for the payment of gratuity to employees engaged in factories, mines, oilfields, plantations, ports, railway ...

Any organization which has been operating with minimum number of 10 employees becomes liable to pay gratuity to those who have completed five years of ...

An application for approval of a gratuity fund shall be made in writing by the trustees of the fund to the 4 [Assessing Officer], by whom the employer is ...

The Payment of Gratuity Act, 1972 is an act that makes the payment of gratuity mandatory for employers to their employees.