Please clarify what is Ex gratia, is this a deductible amount from your salary component, and is there any exemption in income tax on the amount paid as ex gratia?
Its urgent I am confused.
Thanks
Saji
From India, Gurgaon
4Its urgent I am confused.
Thanks
Saji
From India, Gurgaon
Hi, Ex gratia literally means any amount paid as a 'favour'. It may be bonus or for achieving targets or excellence in work. It becomes part of the gross salary of an employee. S. Krishnamoorthy
From United States, Roslindale
From United States, Roslindale
Hi As a practice exgratia is paid once in a year. This is a lumsum amount payable once in a year and this attaracts taxes as applicable. Srinivas
From Germany
From Germany
Hi everyone,
I am often get confused with these two terms- Ex-gratia & Bonus. Could anyone tell me the concept and PT is applicable to Bonus or not? i have confused copmany was establishment 8 year back, already completed 5 years , in my company have another 3 units these units was started last year.its applicable for bonus or ex-gratia? could anyone give me a with details as soon as possible.
e-mail id
Your information will be precious for me.
Regards,
Ramakrishna
From India, Bangalore
I am often get confused with these two terms- Ex-gratia & Bonus. Could anyone tell me the concept and PT is applicable to Bonus or not? i have confused copmany was establishment 8 year back, already completed 5 years , in my company have another 3 units these units was started last year.its applicable for bonus or ex-gratia? could anyone give me a with details as soon as possible.
e-mail id
Your information will be precious for me.
Regards,
Ramakrishna
From India, Bangalore
Hi everyone,
I am often get confused with these two terms- Ex-gratia & Bonus. PT is applicable to Bonus/ex-gratia or not? i have confused copmany was establishment 8 year back, already completed 5 years , in my company have another 3 units these units was started last year.its applicable for bonus or ex-gratia? could anyone give me a with details as soon as possible.
e-mail id [IMG]https://www.citehr.com/misc.php?do=email_dev&email=cmsua3Jpc2huYTIwMDhAZ2 1haWwuY29t[/IMG]
Your information will be precious for me.
Regards,
Ramakrishna
From India, Bangalore
I am often get confused with these two terms- Ex-gratia & Bonus. PT is applicable to Bonus/ex-gratia or not? i have confused copmany was establishment 8 year back, already completed 5 years , in my company have another 3 units these units was started last year.its applicable for bonus or ex-gratia? could anyone give me a with details as soon as possible.
e-mail id [IMG]https://www.citehr.com/misc.php?do=email_dev&email=cmsua3Jpc2huYTIwMDhAZ2 1haWwuY29t[/IMG]
Your information will be precious for me.
Regards,
Ramakrishna
From India, Bangalore
sir,
please clarify the my doubt which head of account is correct for notice period employees, i.e in my co., removed to some employees with notice period of 3 months pay salary
Thanks & regards,
sai j
From India, Bangalore
please clarify the my doubt which head of account is correct for notice period employees, i.e in my co., removed to some employees with notice period of 3 months pay salary
Thanks & regards,
sai j
From India, Bangalore
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