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.
The United Nations General Assembly (UNGA) has declared 2023 as the International Year of Millets (IYM). The leading country in millet production is
Cultivated bread wheat or common wheat is ____
The fertilizer having all the three primary major nutrients viz. N, P, K is termed as
Income elasticity for normal goods is:
On the basis of climatic condition, Walnut is an example of which type of fruit crop?
In glycolysis process ___ NADH2 and __ ATP are formed.
Optimum retting temperature in celsius for linseed fibre is
Agriculture and Agronomy are derived from
_____ is known as the Camel crop.
Unit less measure of dispersion is