Question
What is the maximum amount of exemption that is allowed
for gratuity if received at the time of retirementby an employee covered under Payment of Gratuity Act?Solution
Solution Gratuity is a voluntary payment made by an employer in appreciation of services rendered by the employee. In case of gratuity being received at time of retirement or death, the gratuity amount exempt is the least of the following: · Rs.20 lakh · Actual gratuity received · 15 days salary (last drawn) for every completed year of service or part in excess of 6 months (no. of days in a month taken as 26) As such, the maximum gratuity that will be exempt is Rs.20 lakh.
Which of the following statements is true?
Who attends seminar in morning on Tuesday?
If G and the person who have Red interchange their visiting days then how many persons visits after the person who have BLACK colour?
Who among the following person lives South west of N and North west of X?
How many students appear for the exam along with D and A?
How many rows are vacant?
F lives to the north east of ___.
If S and the person who have Yellow interchange their visiting days then how many persons likes after the person who have red colour?
Which of the following Birthday – Person combination is correct?
Which of the following city is visited by D?
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