(a) in respect of the entries against serial number 6 thereof, if gratuity or gratuities was or were received from one or more than one employer in the same tax year (whether or not any gratuity or gratuities was or were received in any earlier tax year), the aggregate amount of deducti...
Section 10(10)(ii) – if gratuity is paid to a non-Government employee by an organisation covered under the Payment of Gratuity Act, 1972, a specific portion of the gratuity would be exempted from tax under this Section. The exempted amount of gratuity would be the lowest of the following...
Central Board of Direct Taxes issues regulations pertaining to any Finance Act or forms new regulations regarding tax in the country. The finance act of 2017 saw the incorporation of few fresh clauses. There werenew tax rules amendmentsto the sub-section(1) of the section 12A...
1. Definition of “salary”, “perquisite” and “profit in lieu of salary” (section 17) 1.1 What is salary? 1.2 What is a Perquisite? 1.3 What is profit in lieu of salary ? 2. Rates of income-tax as per Finance Act, 2022 2.1 Rates of tax 2.2 Sur...
respect of the service as the Central Vigilance Commissioner or any Vigilance Commissioner shall be reduced by the amount of that pension including any portion of pension which was commuted and pension equivalent of other forms of retirement benefits excluding pension equivalent of retirement gratuity:...
THE NATURE AND LEGAL STATUS OF PUBLIC SECTOR RETIREMENTPENSIONSA. The Gratuity Theory of Public PensionsB. The Contractual Theory of Public PensionsC. Vesting under the Contractual ApproachD. Limited Constitutional Protection of Public PensionsE. Other Theories of Public Pensions IV. CRITIQUE OF ...
compound interest emergency fund APR debt 多项选择 The availability of money; how quickly you can convert it into cash in your hand is its ___. diversity liquidity yield gratuity 多项选择 Term that applies to the ability to buy something now and pay for it later over a period of time (...