Gratuity

  • Income Tax

Rectification u/s 154 for claim of leave salary encashment exemption dismissed

Rectification application u/s 154 for claim of leave salary encashment exemption u/s 10(10AA) dismissed as barred by limitation In a…

3 months ago
  • Income Tax

CBDT increases tax free gratuity limit to Rs. 20 Lakhs u/s 10(10)(iii) of Income Tax Act

CBDT increases tax free gratuity limit to Rs. 20 Lakhs u/s 10(10)(iii) of Income Tax Act 1961 MINISTRY OF FINANCE(Department…

5 years ago
  • Income Tax

Approved gratuity fund contributions paid in respect of employees taken over eligible for deduction u/s 36(1)(v)

Approved gratuity fund contributions paid in respect of employees taken over by the company eligible for deduction under Section 36(1)(v)…

6 years ago
  • Supreme Court

Forfeiture of gratuity not automatic on dismissal from service -Supreme Court

Forfeiture of gratuity is not automatic on dismissal from service; it is subject to sub-Sections (5) and (6) of Section…

6 years ago
  • ICAI

ICAI FAQ on accounting treatment of increased gratuity liability due to increase in ceiling

ICAI FAQ on accounting treatment of increase in liability due to enhancement of the gratuity ceiling The Accounting Standards Board…

6 years ago
  • Finance Ministry

Gratuity limit increased to Rs 20 Lakhs for private sector employee. Download Payment of Gratuity Amendment Act 2018

Gratuity limit increased to Rs 20 Lakhs for private sector employee. Payment of Gratuity Amendment Act 2018 brought in force…

6 years ago
  • Income Tax

Gratuity provision allowed even though fund was approved by Commissioner in next year

Gratuity provision allowed even though fund was approved by Commissioner in next year.  Assessee cannot be denied benefit merely for…

6 years ago
  • Labour Laws

Payment of Gratuity Amendment Bill 2017 approved by Cabinet

Payment of Gratuity Amendment Bill 2017 approved by Cabinet. The limit increased to Rs. 20 Lakhs for private sector employee…

7 years ago