HOW TO CALCULATE GRATUITY: INTERESTRING CALCULATION

HOW TO CALCULATE GRATUITY: INTERESTRING CALCULATION

Gratuity is a benefit received by an employee for services rendered to an organisation. For companies covered under the Gratuity Act, this benefit is paid when an employee completes five or more years of service with the employer. An employee gets gratuity when he/she resigns, retires or is laid off.

In case of death or disablement there is no minimum eligibility period.

How Gratuity is Calculated
The gratuity amount depends upon the tenure of service and last drawn salary. It is calculated according to this formula: Last drawn salary (basic salary plus dearness allowance) X number of completed years of service X 15/26.

According to this formula, the time period of over six months or more is considered as one year.

This means if you have completed five years and seven months of service, the number of years would be considered as six years for calculation of gratuity benefit.

On the other hand, if the service period is five years and five months, for gratuity calculation it will be considered five years.

An employer can however give higher gratuity than the amount under the prescribed formula.

Maximum Amount

For government employees, Rs. 20 lakh is the maximum amount that can be paid as gratuity. The Seventh Pay Commission had recommended increase in the gratuity ceiling to Rs. 20 lakh from the earlier level of Rs. 10 lakh.

Income Tax Treatment of Gratuity
For government employees, entire amount of gratuity received on retirement or death is currently exempted from income tax.

In case of non-government employees, income tax rules on gratuity are applicable depending on whether employees are covered under the Payment of Gratuity Act, 1972 or not.

For non-government employees covered under the Gratuity Act, the income tax exemption on any gratuity received is least of the following:
Maximum amount specified by the government which is currently Rs. 10 lakh
Last drawn salary X 15/26 X years of service
Actual gratuity received
For example, the last drawn salary (basic plus DA) of Mr Ashish, for example, is Rs. 60,000 (per month) and he has worked for 25 years. The gratuity according to the formula is Rs. 8.65 lakh but suppose he has actually received gratuity of Rs. 12 lakh.

So for income tax calculation, Rs. 8.65 lakh will be considered for exemption. So Mr Ashish will pay tax on Rs. 3.35 lakh (Rs. 12 lakh - 8.65 lakh).

For non-government employees not covered under the Payment of Gratuity Act, the income tax exemption on any gratuity received is least of the following:
Half month's average salary for each completed year of service
Maximum amount specified by the government which is currently Rs. 10 lakh
Actual gratuity received
(Average monthly salary is to be computed on the basis of average of salary for 10 months immediately preceding the month (not the day) of retirement)

For example, the last drawn salary (basic plus DA) of Mr Bhupesh, for example, is Rs. 70,000 and he has worked for 35 years. The gratuity according to the formula is Rs. 12.25 lakh and he has received this amount as gratuity. For tax purposes, Rs. 10 lakh would be considered as exemption limit as it is the lowest of the three factors. So Mr Bhupesh will have to pay tax on Rs. 2.25 lakh (Rs. 12.25 lakh - Rs. 10 lakh).

HOW TO CALCULATE GRATUITY: INTERESTRING CALCULATION

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2007 ni bharti vala karmchario ne nokri salang ganta ketlo pagar thay teni official pagar bandhani

2007 ni bharti vala karmchario ne nokri salang ganta ketlo pagar thay teni official pagar bandhani

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2007 ni bharti vala karmchario ne nokri salang ganta ketlo pagar thay teni official pagar bandhani

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What is the difference between Pre-existing waiting periods & Initial waiting periods?
Does Lifeline price remain same throughout India?

What is Hospital cash benefit in Lifeline? Is it optional or compulsory?
If initially customer opted for two years policy, can he/she extend the same for the third year?
What is the Top Up option in Lifeline? is it Per claim or annual aggregate? what is the difference between 2 types?
What are the modes of premium payment?
What is 2nd opinion in Critical illness in Lifeline? Can I consult any doctor of my choice and tell RS to cover these expenses for second opinion?
What are the Medical tests / health criterion in Lifeline?
What is Doctor on Chat in Lifeline? If I have high fever, can I contact your Doctor on Chat?
For Doctor on Chat is it necessary to have internet connection? I don`t have internet at home so can I chat with your doctors on Phone?
Can I buy 2 yr or 3 yr policy in Lifeline? Will I not be a looser for such policies as I will block my money for 2/3 Yrs?
If I have a National Insurance policy from a Bank for the last 4 yrs, will you Port me in Lifeline?
I am already having royal sundaram policy of 2 lakhs sum insured but its a old policy for the last 5 yrs, if I have to buy Lifeline can I buy additionally or can I port from existing RS policy?

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Gujarat Primary School Varshik Parixa Time Table April 2019.

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10 SSC EXAM: GUJARATI PAPER PART-A MCQ QUESTIONS PAPER SOLUTION BY VIVEKANAND ACADEMY 2019 IN SINGLE PAGE.

10 SSC EXAM: GUJARATI PAPER PART-A MCQ QUESTIONS PAPER SOLUTION  BY VIVEKANAND ACADEMY 2019 IN SINGLE PAGE.

STD:10TH
▪️SUBJECT: GUJARATI
▪️STATUS: PAPER SOLUTION
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◾Download Question Paper Of SSC Exam 2019 Gujarati Subject: CLICK HERE

STD.10 SSC EXAM MARCH 2019
SUBJECT:
GUJARATI PAPER SOLITION
March 7, 2019
Thursday
The Gujarat Secondary and Higher Secondary Education Board (GSHSEB) has decided to make tougher the SSC multiple choice question (MCQ) paper. Say it interesting or untoward, but the board thinks its teachers are not up to the mark to do the job of setting tougher questions, and henceforth, has decided to outsource the work from some independent agencies.
The board’s officer on special duty (OSD), M M Pathan, revealed that an agency would be hired to devise a bank of tough MCQs that would aim at testing the students’ understanding about the subject. He further disclosed that last year around 5% questions in the MCQ paper of 50 marks were intentionally asked of a higher standard in order to scale up the knowledge level of board students. Following that, this year the number of tough questions would be bigger.
Viewing the competition scenario, the state board students should be in line with the students of central and international boards, and in order to make that happen, their level has to be raised, letting them perform equally well in the national level competitive exams, said.

Initially, the board had assigned the GSHSEB teachers for the task of formulating a bank of questions that would pose teasers to the students and cream out the brightest from the average students. But sadly, out of the 1, 500 questions submitted by the teachers of each subject, only 30 (apprx) were qualified to come into the category of 'tough'. Most of the questions were found to be picked from the 
guides available in the market.

PLEASE NOTE :
THIS PAPER SOLUTION IS ONLY FOR PARENTS WHO WANTS TO ASSESSMENT ANSWER OF QUESTION PAPER FOR HIS/HER CHILD/STUDENT.
WE REQUEST TO ALL STUDENTS, PLEASE DON'T USE THIS SOLUTION, BCOS THIS TIME IS FOR PREPARATION FOR OTHER PAPER, ONCE YOU COMPLETE ENTIRE EXAM THAN DEFINITELY YOU WILL USE THIS PAPERSOLUTION.

MUST DOWNLOAD THIS PAPER SOLUTION OF SSC EXAM 2019 GUJARATI SUBJECT FROM BELOW LINK.

STD:10TH
▪️SUBJECT: GUJARATI
▪️STATUS: PAPER SOLUTION
Click Here To Download
◾Download Question Paper Of SSC Exam 2019 Gujarati Subject: CLICK HERE

10 SSC EXAM: GUJARATI PAPER PART-A MCQ QUESTIONS PAPER SOLUTION  BY VIVEKANAND ACADEMY 2019 IN SINGLE PAGE.

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SCIENCE & TECHNOLOGY PART-A STD.10 SSC EXAM :- MCQ QUESTIONS PAPER SOLUTION.

SCIENCE & TECHNOLOGY PART-A STD.10 SSC EXAM :- MCQ QUESTIONS PAPER SOLUTION.

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SCIENCE & TECHNOLOGY PART-A STD.10 SSC EXAM :- MCQ QUESTIONS PAPER SOLUTION.

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STD.10 SSC EXAM MARCH 2019 SUBJECT: MATHS PAPER SOLITION

Std-10 March-2019 Exam
Maths OMR Paper Solution
(12/03/2019)
For Download Click Below Link
Sol-6 || Sol-5 || Sol-4 || Sol-3 || Sol-2 || Sol-1

STD.10 SSC EXAM MARCH 2019
SUBJECT: MATHS PAPER SOLITION
March 12 2019

CLICK HERE TO EDU SAFAR SOLUTION.

Thursday
The Gujarat Secondary and Higher Secondary Education Board (GSHSEB) has decided to make tougher the SSC multiple choice question (MCQ) paper. Say it interesting or untoward, but the board thinks its teachers are not up to the mark to do the job of setting tougher questions, and henceforth, has decided to outsource the work from some independent agencies.
The board’s officer on special duty (OSD), M M Pathan, revealed that an agency would be hired to devise a bank of tough MCQs that would aim at testing the students’ understanding about the subject. He further disclosed that last year around 5% questions in the MCQ paper of 50 marks were intentionally asked of a higher standard in order to scale up the knowledge level of board students. Following that, this year the number of tough questions would be bigger.
Viewing the competition scenario, the state board students should be in line with the students of central and international boards, and in order to make that happen, their level has to be raised, letting them perform equally well in the national level competitive exams, said.

Initially, the board had assigned the GSHSEB teachers for the task of formulating a bank of questions that would pose teasers to the students and cream out the brightest from the average students. But sadly, out of the 1, 500 questions submitted by the teachers of each subject, only 30 (apprx) were qualified to come into the category of 'tough'. Most of the questions were found to be picked from the 
guides available in the market.

PLEASE NOTE :
THIS PAPER SOLUTION IS ONLY FOR PARENTS WHO WANTS TO ASSESSMENT ANSWER OF QUESTION PAPER FOR HIS/HER CHILD/STUDENT.
WE REQUEST TO ALL STUDENTS, PLEASE DON'T USE THIS SOLUTION, BCOS THIS TIME IS FOR PREPARATION FOR OTHER PAPER, ONCE YOU COMPLETE ENTIRE EXAM THAN DEFINITELY YOU WILL USE THIS PAPERSOLUTION.

MUST DOWNLOAD THIS PAPER SOLUTION OF SSC EXAM 2019 MATHS SUBJECT FROM BELOW LINK.

CLICK HERE TO EDU SAFAR SOLUTION. 

Std-10 March-2019 Exam
Maths OMR Paper Solution
(12/03/2019)
For Download Click Below Link
Sol-6 || Sol-5 || Sol-4 || Sol-3 || Sol-2 || Sol-1

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STD.10 SSC EXAM: SOCIAL SCIENCE PAPER PART-A MCQ QUESTIONS PAPER SOLUTION 2019.

STD.10 SSC EXAM: SOCIAL SCIENCE PAPER PART-A MCQ QUESTIONS PAPER SOLUTION 2019.

STD.10 SSC EXAM MARCH 2019

Std-10 March-2019 Exam
Social Science OMR Paper Solution
(14/03/2019)
For Download Click Below Link
 || Sol-5 || Soi-4 || Sol-3 || Soi-2 || Sol-1

STD-10TH BOARD EXAM 2019 QUESTION PAPERS AND SOLUTIONS.

SUBJECT: SOCIAL SCIENCE

EXAM DATE: 14/3/2019

The Gujarat Secondary and Higher Secondary Education Board (GSHSEB) has decided to make tougher the SSC multiple choice question (MCQ) paper. Say it interesting or untoward, but the board thinks its teachers are not up to the mark to do the job of setting tougher questions, and henceforth, has decided to outsource the work from some independent agencies.

The board’s officer on special duty (OSD), M M Pathan, revealed that an agency would be hired to devise a bank of tough MCQs that would aim at testing the students’ understanding about the subject. He further disclosed that last year around 5% questions in the MCQ paper of 50 marks were intentionally asked of a higher standard in order to scale up the knowledge level of board students. Following that, this year the number of tough questions would be bigger.

▪️STD:10TH
▪️SUBJECT: SOCIAL SCIENCE
▪️STATUS: PAPER SOLUTIO

◾SSC 10TH SOCIAL SCIENCE SUBJECT PAPER SOLUTION BOARD EXAM 2019......

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.

Std-10 March-2019 Exam
Social Science OMR Paper Solution
(14/03/2019)
For Download Click Below Link
 || Sol-5 || Soi-4 || Sol-3 || Soi-2 || Sol-1

.

1) SOLUTION BY

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STD.10 SSC EXAM: ENGLISH PAPER PART-A MCQ QUESTIONS PAPER SOLUTION 2019.

STD.10 SSC EXAM: ENGLISH  PAPER PART-A MCQ QUESTIONS PAPER SOLUTION 2019.

STD.10 SSC EXAM MARCH 2019

STD-10TH BOARD EXAM 2019 QUESTION PAPERS AND SOLUTIONS.

SUBJECT: ENGLISH 

EXAM DATE: 16/3/2019

The Gujarat Secondary and Higher Secondary Education Board (GSHSEB) has decided to make tougher the SSC multiple choice question (MCQ) paper. Say it interesting or untoward, but the board thinks its teachers are not up to the mark to do the job of setting tougher questions, and henceforth, has decided to outsource the work from some independent agencies.

The board’s officer on special duty (OSD), M M Pathan, revealed that an agency would be hired to devise a bank of tough MCQs that would aim at testing the students’ understanding about the subject. He further disclosed that last year around 5% questions in the MCQ paper of 50 marks were intentionally asked of a higher standard in order to scale up the knowledge level of board students. Following that, this year the number of tough questions would be bigger.

Name of Examination : GSEB 10 / STD 10 / SSC / Guj Board Exam

Official Name : GSEB i.e Gujarat Secondary Education Board

Date of Exam : 16th March 2019

Exam Subject : English

Official Answer Key / Solutions : Released (Not Officail )

Official Website : www.gseb.org
GSEB SSC 10th Part-A MCQ Answer Key 2019
Gujarat Board also taken Following Subject Examination on 7th March 2019 and Candidate Eagerly waiting for Answer Sheet

▪️STD:10TH
▪️SUBJECT: ENGLISH 
▪️STATUS: PAPER SOLUTIO

◾SSC 10TH SOCIAL ENGLISH PAPER SOLUTION BOARD EXAM 2019......

DOWNLOAD QUESTION PAPER SOLUTION:

PLEASE NOTE : THIS PAPER SOLUTION FOR PARENTS WHO WANTS TO ASSESSMENT ANSWER OF QUESTION PAPER FOR HIS/HER CHILD,STUDENT PLEASE DON'T USE THIS SOLUTION,BCOS THIS TIME PREPARATION FOR OTHER PAPER, ONCE YOU COMPLETE ENTIRE EXAM THAN DEFINITELY YOU WILL USE THIS PAPER SOLUTION.MUST DOWNLOAD THIS SOLUTION FROM BELOW LINK.

paper : Click here

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STD.10 SSC EXAM:- HINDI/SANSKRIT PAPER PART-A MCQ QUESTIONS PAPER SOLUTION

The Gujarat Secondary and Higher Secondary Education Board (GSHSEB) has decided to make tougher the SSC multiple choice question (MCQ) paper. Say it interesting or untoward, but the board thinks its teachers are not up to the mark to do the job of setting tougher questions, and henceforth, has decided to outsource the work from some independent agencies.

The board’s officer on special duty (OSD), M M Pathan, revealed that an agency would be hired to devise a bank of tough MCQs that would aim at testing the students’ understanding about the subject. He further disclosed that last year around 5% questions in the MCQ paper of 50 marks were intentionally asked of a higher standard in order to scale up the knowledge level of board students. Following that, this year the number of tough questions would be bigger.

PREPARATION FOR OTHER PAPER, ONCE YOU COMPLETE ENTIRE EXAM THAN DEFINITELY YOU WILL USE THIS PAPER SOLUTION.MUST DOWNLOAD THIS SOLUTION FROM BELOW LINK.

Download Solution: Hindi - Sanskrit

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