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what is Gratuity? why it is deducted ?

Answer Posted / dhiraj giri

Gratuity is a retirement benefit which is given by the employer to the wmployee. Gratuity's calculation is started after completing 5 year of service by employee.

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Please Help Members By Posting Answers For Below Questions

Hi,  Can somebody help me to know whether WCT MVAt is applicable on catering service, if the caterer is uses his own material and labour for doing cooking in our premises and later the product is sold in the same premises for the employees. Kinldy advice whether WCT will be deducted on this.

2247


What is means by Central Excise ? How to calculate Central Excise ? Central Excise form No. is ?

2187


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1035


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2923


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Dear Sir, I am working in account department. I want to know, Why service tax rate is change in every type of service. For Example - Rent Bill Service Tax Rate - 10.30% Taxi Bill - Service Tax Rate - 4.12% Why it change

1970


I am a civil Engineer consultant. On an item for example Rs.100, I am adding 4%WCT ie., Rs.4 and I am certifying the contractor bill for Rs.100.00 + Rs.4.00 = Total Rs.104.00. But my client is deducting 4% on Rs.104.00 ie., Rs. 4.16. So, finally contractor is losing Rs. 0.16 on Rs. 100 which amounts to lakhs on the project value. Can you please guide me on this? Santosh Kumar

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3169


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2328


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2633


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