The Income Tax Department has launched Form No. 188 for online approval of Gratuity and Superannuation Funds from Tax Year 2026-27. The new system replaces the earlier text-based filing process with a fully digital procedure through the e-Filing portal.
The policy links subsidies directly to employment generation and local hiring requirements. It ensures businesses benefit only when they create and sustain jobs, promoting inclusive economic growth.
The policy offers capital subsidies, rental support, and payroll incentives to attract global capability centres. It aims to position Maharashtra as a leading hub for global enterprises while promoting job creation and investment.
On 10th January 2024, the Karnataka government issued the Karnataka Compulsory Gratuity Insurance Rules, 2024 This article explores the key provisions of these rules, including compulsory insurance, registration requirements, payments, and conditions for approved gratuity funds. The following are the main points of the notified rules: Compulsory insurance The insurance policy can be obtained from any insurance company incorporated […]
Understand the yearly compliance applicable to the Group Gratuity Trust – Learn about the need to maintain books of accounts, make contributions, and pass entries. Get advice on how to do it.
Learn about Approved Gratuity Trust, its formation, tax benefits, and compliance requirements. Discover the advantages of managing gratuity through a trust.
Discover the basics of gratuity, its meaning, calculation, applicability, and taxation rules. Learn how to calculate gratuity and its legal implications.