Dear Bhakti, Yearly PT deduction amount is 2500 rather then 2400. In Feb Month PT Deduction Amount is 300 because of this PT deduction amount becomes 2500. Regards.
From India, Bangalore
From India, Bangalore
Sharmila Das,
Rs. 1039/- Gratuity need not to calculate from the very first year . It is only a contingent liability till the end of the 5th year of service. At the end of the 5th year, it comes to balance sheet of the employer as a liability. I think, Gratuity component need not to consider for Tax purposes at the first month and in structuring the CTC.
Please correct me.
Hrkpati
From India, Guwahati
13Rs. 1039/- Gratuity need not to calculate from the very first year . It is only a contingent liability till the end of the 5th year of service. At the end of the 5th year, it comes to balance sheet of the employer as a liability. I think, Gratuity component need not to consider for Tax purposes at the first month and in structuring the CTC.
Please correct me.
Hrkpati
From India, Guwahati
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