Income Tax : This guide explains the tax treatment of salary, allowances, perquisites, retirement benefits, and deductions under the Income-tax...
Income Tax : The Income Tax Department has explained the tax treatment of gratuity, pension, leave encashment, provident funds, NPS, and retire...
Corporate Law : The Social Security Code, 2020 extends gratuity benefits to fixed-term and gig workers, standardizes wage definitions, and mandate...
Income Tax : Explains how gratuity exemptions differ for government, private, and Gratuity Act–covered employees. Key takeaway: exemption is ...
Income Tax : This guide breaks down the complete taxation of salary income in India—covering allowances, perquisites, retirement benefits, an...
Corporate Law : Whether Government is considering to increase the Gratuity payment from 15 days’ salary for each completed year to 30 days’ sa...
Corporate Law : The Government has issued Notification the same day wherein gratuity limit has been increased from Rs.10 lakhs to Rs.20 lakhs un...
Corporate Law : Decision:The Payment of Gratuity (Amendment) Bill, 2018 has been passed by Lok Sabha on 15th March, 2018 and by the Rajya Sabha on...
Corporate Law : The Payment of Gratuity (Amendment) Bill, 2018 has been passed by parliament today. The bill ensures harmony amongst employees in ...
Corporate Law : Clause 3 of the Bill seeks to amend the provision relating to calculation of continuous service for the purpose of gratuity in cas...
Income Tax : The Kolkata ITAT deleted an addition against an employees gratuity fund after finding that gratuity payments were higher than the ...
Corporate Law : Court held that amended gratuity rules effective from July 2013 governed all employees uniformly and prevailed over inconsistent p...
Income Tax : The Tribunal addressed disallowance arising from mismatch between ITR and tax audit report. It held that inadvertent reporting err...
Income Tax : ITAT Mumbai dismissed revenue's appeal against Thirumalai Chemicals, allowing gratuity, bad debts, and other expenses while also a...
Corporate Law : SC rules criminal conviction not needed for gratuity forfeiture if misconduct involves moral turpitude. Upholds forfeiture in frau...
Corporate Law : The government clarified that gratuity for civil service after re-employment will not be restricted by gratuity already received f...
Corporate Law : DoPPW clarifies that gratuity under CCS (Payment of Gratuity under NPS) Rules, 2021 is payable only upon retirement/absorption, no...
Corporate Law : Government of India enhances maximum limit of gratuity for Central Government employees to Rs 25 Lakh, implementing Seventh CPC re...
Corporate Law : Explore the Karnataka Compulsory Gratuity Insurance Rules 2024 introduced by the Government of Karnataka. Learn about coverage, co...
Income Tax : Govt increases Gratuity exemption limit u/s Section 10(10)(iii) to ₹ 20 lakhs from existing Rs. 10 Lakh vide Notification No. ...
Understand tax rules for gratuity in India. Learn how Income Tax Act, 1961, treats gratuity for government and private employees in different scenarios.
Dive into a comprehensive analysis of the gratuity provisions under the income tax, with an in-depth look into Sections 40A(7) and 36(1)(v). Learn how these laws affect your tax deductions.
Learn how to prepare inputs for Actuarial Valuations under Gratuity and Leave Encashment Plan in compliance with AS 15 (Revised 2005) & IndAS 19. Understand key technical points for accurate results.
Article is aimed at providing knowledge about the treatment of RPF/Annuity/Gratuity in the hands of Employee and also discuss the treatment of income in the hands of approved recognized Provident Fund Trust/ Provident Fund to which PF Act, 1925 applies / approved Superannuation fund Trust/ Approved Gratuity Fund.
Unlock the intricacies of setting up trusts for employee benefits. Dive into the nature, objectives, and conditions for trust approval by the Income Tax department. Comprehensive insights for seamless compliance.
State Government Undertaking may be considered as a State instrumentality within the definition of article 12 of Constitution of India, the same cannot be treated as Central or State Government
Learn about the taxation of EPF, Superannuation, Leave Encashment, Gratuity, NPS, and PPF under the Income Tax Act, 1961. Explore eligibility criteria, taxability, exemptions, and rules for withdrawal, ensuring comprehensive knowledge for better financial planning.
The existing jurisprudence on the issue at hand can be analyzed from two perspectives (a). dues relating to PF and Gratuity being statutory dues of the first charge and (b). the effect of conjoint reading of Section 36 and Section 53 of IBC.
Patna High Court held that petitioner is duly entitled for at least 5% Simple interest on delayed payment of pension and gratuity.
Understand the requirements of Accounting and Irrevocable Gratuity Trust to Discharge Gratuity Liability for Indian Private & Multinational Companies. Payment of Gratuity Act 1972 and 5 years of continuous service explained.
