What are the taxation rules for gratuity as per Gratuity Act 1972?
According to the Gratuity Act 1972, gratuity payment is exempt from taxation under certain circumstances, such as:(1) If the gratuity payment is received after the employee’s continuous service with an employer has exceeded five years; (2) If the gratuity payment is received on the death or disability of the employee; (3) If the gratuity is calculated on the basis of the salary of last 12 months and the gratuity payment is less than or equal to the ceiling limit prescribed by the government of India; and (4) If the gratuity payment is received by a government employee as part of their retirement benefits. The taxable portion of the gratuity payment will be calculated as the difference between the total amount received and the total amount exempted.No, gratuity is not tax exempt under Income Tax Act. However, it is exempted up to a certain limit under Section 10 (10) of the Act.Gratuity rules vary by state and country, but generally, employers are not allowed to include gratuities in an employee’s wages, so a customer’s gratuity would need to be paid separately from the employee’s wages. Generally, employers cannot demand that customers pay or calculate gratuities for employees. Additionally, employers should ensure that gratuities are distributed fairly and equitably among employees. In some states, employers must disclose to employees the amounts of gratuities received, and may have certain restrictions on the payment of gratuities, such as requiring customers to provide a written authorization for any gratuity larger than a certain amount. Additionally, employers should be aware of any local ordinances or laws that may apply to gratuities.The Payment of Gratuity Act 1972 provides for a gratuity to be paid to employees upon termination of employment, retirement, death or disablement due to an employment injury or illness, as per the rules laid down by the government. Gratuity is payable for a minimum period of five years of continuous service, with the amount being linked to the last drawn salary.
How to to pin the Facebook post in my page?
1.Navigate to the post you want to pin on your Facebook page.
2.Click the “…” button located toward the bottom right side of the post.
3.Select “Pin to Top of Page” from the drop down menu.
4.A confirmation message will appear informing you the post was pinned to the top of the page.
What are the uses of Adobe Illustrator?
1. Design logos, icons, and graphics for print, video, and web.
2. Create complex designs, illustrations, and typography.
3. Create logos, illustrations, and illustrations for websites.
4. Create illustrations for business cards, brochures, and other marketing materials.
5. Animate drawings, objects, and characters.
6. Draw on images and artboards.
7. Create infographics, data visualizations, and technical drawings.
8. Make vector elements to be used in other programs like Photoshop.
9. Convert raster artwork (like photos) into vector art.
10. Create 3D models and artwork.
What is a snapshot lifecycle policy?
A snapshot lifecycle policy is a set of rules used to automate the management of Amazon EBS snapshots. These policies allow you to define rules that automate the process of creating, retaining, and deleting snapshots of your Amazon EBS volumes. With a snapshot lifecycle policy, you can manage the cost and the amount of time snapshots are stored. The policies can be set up to ensure that snapshots are taken at regular intervals, that older snapshots are archived, and that outdated snapshots are removed.