arbindsha

"I have purchased a life insurance policy from a private reputed insurance company in 2012. The policy term was 7 years to pay seven yearly premiums with a maturity term of 10 years. I have already paid six years of premiums, and the last premium is due in two months. However, I found that they have no" ... (more)

"Greetings Mr. Umakanthan and Mr. Gurumurthy, Thank you very much for your valuable advice. I will take up the matter with my employer for the settlement of the balance amount. With kind regards," ... (more)

"Greetings Sirs, Please advise if any employer can bypass the gratuity act and settle for less than 50% of the actual eligibility by citing their internal rule/agreement. Can an employer prevent an employee from taking legal action for settling for less than the eligible amount and incorporate a claus" ... (more)

"Greetings Saikumar, Thank you very much for your valuable comments. They are indeed very helpful. The only thing I would like to add is that this special allowance was given throughout our employment to all employees. Dearness Allowance (DA) was never included in the heading of our pay slip. For example" ... (more)

"Hi, My employer has settled my gratuity based on the basic salary only. There is no heading for DA in my salary slip. Can I take legal action to claim gratuity on special allowance? Regards, Arbindsha" ... (more)

"Greetings Nilay, Thanks for your valuable comment. I just want to know: A. If my total income in a financial year, including interest from the bank, is below the taxable limit, do I still need to file an income tax return? B. Do I have to show the PF/Gratuity and LIC maturity amounts to income tax (whic" ... (more)

"Greetings Colleagues, As per the rules, retirement benefits such as Provident Fund, Gratuity, and LIC maturity amounts are exempted from income tax, to the best of my knowledge. Now, if I do not have any taxable income, is it necessary to file an income tax return? Please help. Regards, Arbind" ... (more)

"Greetings Colleagues, I retired on 31st March 2012. I have been regularly filing my tax returns until FY April 2011/March 2012. I have had no taxable income from April 2012 onwards. During FY 2012-13, I received my PF/Gratuity and LIC maturity amount, which are exempted from tax as per the rules. Pleas" ... (more)

"Please advise on the correct amount for the calculation of gratuity. Is it basic plus DA? In the absence of a DA component in the payslip, any other amount, i.e., house allowance/special allowance/conveyance, etc., or any one from the above may be considered for calculating gratuity." ... (more)