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Gratuity

 
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Gratuity
olympia
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#14
09-23-2010, 07:32 PM
Gratuity is seprate block of income.

2. Tax on Gratuity payment from unapproved gratuity scheme is computed on the basis of preceding three years average rate i.e. 14% as given in the question, if this amount is added in the current year's income along with golden handshake payment then applicable tax rate will be 19%. (Circular # 17 of 1959, Circular # 16 of 1967, C. # 4(23)-IT-3/77, 30/10/77)

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Messages In This Thread
Gratuity - by olympia - 09-17-2010, 03:48 PM
[No subject] - by LapTop - 09-18-2010, 06:55 PM
[No subject] - by olympia - 09-20-2010, 02:36 PM
[No subject] - by LapTop - 09-20-2010, 07:54 PM
[No subject] - by olympia - 09-20-2010, 08:15 PM
[No subject] - by LapTop - 09-20-2010, 08:24 PM
[No subject] - by olympia - 09-20-2010, 09:28 PM
[No subject] - by LapTop - 09-20-2010, 10:11 PM
[No subject] - by olympia - 09-21-2010, 12:27 AM
[No subject] - by LapTop - 09-21-2010, 01:40 AM
[No subject] - by Information Consultant - 09-21-2010, 05:44 AM
[No subject] - by olympia - 09-22-2010, 08:57 PM
[No subject] - by LapTop - 09-22-2010, 09:05 PM
[No subject] - by olympia - 09-23-2010, 07:32 PM
[No subject] - by LapTop - 09-23-2010, 07:46 PM
[No subject] - by olympia - 09-24-2010, 02:47 AM
[No subject] - by olympia - 11-17-2011, 01:31 PM

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