Assertion: gratuity | /r/HasProperty | tax
Facets:
value: based on the following
type: OTHER
value: in case
type: OTHER
Source sentences:
text: In case, when private employees covered under the payment of Gratuity Act of 1972, any gratuity received is tax exempted to the extent of least of the following:
text: Gratuity received in excess of the least of the amounts mentioned here will be taxed.
text: For private employees not covered under the payment of Gratuity Act of 1972, any gratuity received is tax exempted to the extent least of the following:
text: In Zambia for instance, a look at Section 21(1) of the Income Tax, Chapter 323 of the Laws of Zambia (the “ITA”), Paragraph 2(2) of the charging schedule under the ITA, and Practice Note 1/2016 of the Zambia Revenue Authority, reveals that, gratuity which was due and payable before 5th January 2016 was taxed based on the following: