Assertion: gratuity | /r/HasProperty | received by employee
Facets:
value: for services
type: PURPOSE
value: from more than one employer
type: OTHER
value: in the same previous year
type: TEMPORAL
value: on his retirement
type: TEMPORAL
value: in case
type: OTHER
value: in employment
type: OTHER
Source sentences:
text: Gratuity is a benefit received by an employee for services rendered to an organisation.
text: The gratuity so received by the employee is taxable under the head ‘Income from salary’.
text: This Code states that employers may not benefit from tips received by their employees.
text: In case of gratuity received by any employee whose employer is covered under the Gratuity Act, the following amount is exempt from tax.
text: In the case of employees covered by the payment of gratuity act, 1972, any gratuity received by such employees is exempt from tax to the extent of the least of the following –
text: Employers are also required to comply with federal requirements with respect to tips received by all employees.
text: Gratuity is a benefit received by an employee for services rendered to an organisation.
text: Gratuity is the benefit that is received by an employee for the services
text: Answer: Yes, gratuity received by an employee is taxable as salary income.
text: Gratuity received by an employee on his retirement is taxable under the head "Salary" and gratuity received by the legal heir is taxable under the head" Income from Other Sources".
text: For employees covered under the Gratuity Act, total of gratuity received by an employee, covered by the Gratuity Act, from various employers in whole of service is exempt from tax to the extent of least of the following three amounts:
text: The gratuity received by an employee is not taxable if it is received on his retirement, his becoming incapacitated prior to such retirement, termination of employment or if such gratuity is received by his widow, children or dependants on his death.
text: In case any such gratuities are received by an employee from more than one employer in the same financial year, the aggregate amount so exempt should not exceed the overall exemption limit.
text: Gratuity is a benefit received by an employee for services rendered to an organisation.
text: Gratuity is a benefit received by an employee for services rendered to an organisation.
text: Gratuity is a benefit received by an employee for services rendered to an organization.
text: If gratuity is received by an employee from more than one employer in the same previous year or in different previous years the aggregate maximum amount exempt from tax on account of gratuity cannot exceed Rs.
text: Gratuity is a benefit received by an employee for services rendered to an organisation.
text: The gratuity received by an employee is NOT taxable if it is received on his retirement, his becoming incapacitated prior to retirement or if such gratuity is received by his widow, children or dependants on his death.
text: Gratuity received by employees who are covered under the Act is tax exempted, subject to certain conditions.
text: Gratuity is a mandatory retirement benefit received by the employee from the employer, for his services to the organization, for a sustained period of five years or more.
text: However, when gratuity is received by the employee at the time of his retirement, death or superannuation then tax exemption rules for government employees differs from private employees.
text: Gratuity can be received by the employee at the time of his retirement or by his legal heir in the event of death of the employee.
text: But when gratuity is received by the employee at the time of his retirement, death or superannuation then tax exemption rules for government employees differs from private employees.
text: Employers must keep accurate and up-to-date records of all tips received by their employees.
text: If Gratuity is received by any employee while in employment then it is fully taxable in the hands of employee.
text: In the case of employees not covered by the payment of gratuity act, 1972, any gratuity received by such employees is exempt from tax to the extent of the least of the following –