How to Calculate Gratuity in India ?
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Gratuity is a certain amount paid by an employer to an employee as gratitude for serving over 5 years. It is applicable when an employee reaches retirement age, resigns after 5 years of service, dies, or becomes disabled. Gratuity in India can be calculated using the formula: Gratuity = [{Salary / 26} x 15 days x Number of years of service], where salary includes basic pay and dearness allowance, 26 are the number of working days in a month, and 15 days is the salary amount. The document provides steps to use an online gratuity calculator to easily calculate this benefit.
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Grautiy.pptx
Gratuity is a sum of money paid by an employer to an employee for services rendered in the company. But, gratuity is paid only to employees who complete five or more years with the company.
Gratuity is a benefit that is payable under the Payment of Gratuity Act 1972.
employee in recognition of his/her service rendered to an organisation. It is a part of the salary an employee receives and can be viewed as a benefit plan designed to aid an individual in his/her retirement.
Gratuity is paid by an employer when an employee leaves the job after serving the same organisation for a minimum period of 5 years. One can consider it to be a financial “Thank you” to an employee for rendering continuous service to an employer.
When you will be eligible to receive gratuity.
An employee should be eligible for superannuation
An employee retires
An employee resigns after working for 5 years with a single employer
An employee passes away (Death) or suffers disability due to illness or accident
How to Calculate
Listed below are the components that go into the calculation of the gratuity amount. The amount is also dependent upon the number of years served in the company and the last drawn salary.
Gratuity = N*B*15/26
N = number of years of service in a company
B = last drawn basic salary plus DA
Tax Exemptions on Gratuity
According to Section 10 (10) in the Income Tax Act, any gratuity received by government employees, apart from statutory corporations, is fully exempt of tax.
According to Section 10 (10) (ii) of the Income Tax Act, death and retirement gratuity receivable by an employee covered under Gratuity Act 1972 is the least amount of the following that is exempt from tax:
(*15/26) X Last drawn salary** X completed year of service or part thereof in excess of 6 months.
Rs.20 lakh.
Gratuity amount that is actually received.
* 7 days in case an individual is an employee of a seasonal establishment.
** Salary amounts to the total salary received by an employee including Dearness Allowance and excluding any other benefits like bonus, HRA, commission, and any other such perquisites.
According to Article 10 (10) (iii) of the Income Tax Act, exemption for gratuity amount received by individuals who are not covered under Gratuity Act of 1972 are as follows:
Half month’s Average Salary* X Completed years of service
Rs. 10 lakhs
Gratuity actually received.
*Average salary = Average Salary of last 10 months immediately preceding the month of retirement ** Salary = Basic Pay + Dearness Allowance (to the extent it forms part of retirement benefits) + turnover based commission
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Gratuity is a sum of money paid by an employer to an employee for services rendered in the company. But, gratuity is paid only to employees who complete five or more years with the company.
Gratuity is a benefit that is payable under the Payment of Gratuity Act 1972.
employee in recognition of his/her service rendered to an organisation. It is a part of the salary an employee receives and can be viewed as a benefit plan designed to aid an individual in his/her retirement.
Gratuity is paid by an employer when an employee leaves the job after serving the same organisation for a minimum period of 5 years. One can consider it to be a financial “Thank you” to an employee for rendering continuous service to an employer.
When you will be eligible to receive gratuity.
An employee should be eligible for superannuation
An employee retires
An employee resigns after working for 5 years with a single employer
An employee passes away (Death) or suffers disability due to illness or accident
How to Calculate
Listed below are the components that go into the calculation of the gratuity amount. The amount is also dependent upon the number of years served in the company and the last drawn salary.
Gratuity = N*B*15/26
N = number of years of service in a company
B = last drawn basic salary plus DA
Tax Exemptions on Gratuity
According to Section 10 (10) in the Income Tax Act, any gratuity received by government employees, apart from statutory corporations, is fully exempt of tax.
According to Section 10 (10) (ii) of the Income Tax Act, death and retirement gratuity receivable by an employee covered under Gratuity Act 1972 is the least amount of the following that is exempt from tax:
(*15/26) X Last drawn salary** X completed year of service or part thereof in excess of 6 months.
Rs.20 lakh.
Gratuity amount that is actually received.
* 7 days in case an individual is an employee of a seasonal establishment.
** Salary amounts to the total salary received by an employee including Dearness Allowance and excluding any other benefits like bonus, HRA, commission, and any other such perquisites.
According to Article 10 (10) (iii) of the Income Tax Act, exemption for gratuity amount received by individuals who are not covered under Gratuity Act of 1972 are as follows:
Half month’s Average Salary* X Completed years of service
Rs. 10 lakhs
Gratuity actually received.
*Average salary = Average Salary of last 10 months immediately preceding the month of retirement ** Salary = Basic Pay + Dearness Allowance (to the extent it forms part of retirement benefits) + turnover based commission
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Gratuity_Valuation.pdf
Gratuity Plans – The payment of gratuity act, 1972, applies to a company or organization. They must pay the gratuity to the employee but only if he/she served the company for 5 years or more. However the limit of 5 years is not valid in case of death or disablement of the employee. If payment of gratuity act is not applicable an organization can still pay on their own.
Gratuity Valuation standard formula 15/26 * Salary * Completed Years payable with or without Limits.
Gratuity Calculation
Gratuity Scheme & Calculation – Gratuity is calculated for employees covered or not covered
under the payment of Gratuity Act 1972 accordingly:
For the employees covered under the act
Gratuity= last salary X number of completed years of service X 15/26
Here,
Last salary= basic salary + dearness allowance
Completion of number of years in service = Total no. of years of an employee with establishment
(any period above 6 months will be considered as 1 year).
For the employees not covered in the act
Gratuity = actual salary during past 10 months X number of years completed of service
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domain experts follow standard valuation parameters to forecast the amount which fulfill the
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how can i use my minded pi coins I need some funds.
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
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Gratuity Plans – The payment of gratuity act, 1972, applies to a company or organization. They must pay the gratuity to the employee but only if he/she served the company for 5 years or more. However the limit of 5 years is not valid in case of death or disablement of the employee. If payment of gratuity act is not applicable an organization can still pay on their own.
Gratuity Valuation standard formula 15/26 * Salary * Completed Years payable with or without Limits.
Gratuity Calculation
Gratuity Scheme & Calculation – Gratuity is calculated for employees covered or not covered
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For the employees covered under the act
Gratuity= last salary X number of completed years of service X 15/26
Here,
Last salary= basic salary + dearness allowance
Completion of number of years in service = Total no. of years of an employee with establishment
(any period above 6 months will be considered as 1 year).
For the employees not covered in the act
Gratuity = actual salary during past 10 months X number of years completed of service
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domain experts follow standard valuation parameters to forecast the amount which fulfill the
statutory obligations. While calculating gratuity all permutations and combinations are consider
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how can i use my minded pi coins I need some funds.
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
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What price will pi network be listed on exchanges
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
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how can I sell/buy bulk pi coins securely
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
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how to sell pi coins effectively (from 50 - 100k pi)
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
The European Unemployment Puzzle: implications from population aging
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
USDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
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USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
what is the best method to sell pi coins in 2024
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
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what is the future of Pi Network currency.
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
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Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capitalhow to sell pi coins on Binance exchange
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchange
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
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how can i use my minded pi coins I need some funds.
how can i use my minded pi coins I need some funds.
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how to sell pi coins effectively (from 50 - 100k pi)
how to sell pi coins effectively (from 50 - 100k pi)
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How to Calculate Gratuity in India ?
- 1. HOW TO CALCULATE GRATUITY IN INDIA ?
- 2. What is Gratuity ? Certain amount paid by the employer to the employee as a gratitude for his service to the organization more than 5 years.
- 3. To Whom It is Applicable Gratuity can paid to employees When he / she has attained the age to leave employment. When he / she resigns the job after 5 years of service. Death Disability
- 4. Gratuity Calculation in India Gratuity can be calculated based on your years of service using the formula : Gratuity = [ {Salary / 26 } x 15 days x No. of years of service ] Where, Salary = Basic + Dearness Allowance 26 = No of working days in a month 15 = Salary of 15 days.
- 5. Gratuity Calculation in India With all these values you can simply know your gratuity benefits in India with Gratuity Calculator. You can follow the steps and check out your gratuity.
- 6. STEP 1 : Visit Easycalculation.com
- 7. Step 2 : Click Accountancy on the left tree and select finance calculators.
- 8. Step 3 : Click Gratuity Calculation India under Interest and Deposit Calculators
- 9. Step 4 : Enter the values and click calculate
- 10. Now you can calculate by just clicking Gratuity Calculator for India. Thank You !!! For more interesting calculators visit : https://www.easycalculation.com