While computing exemption in respect of gratuity received by a non-Government employee covered by the Payment of Gratuity Act, one of the items to be considered for computing the maximum amount of exemption is 15 days salary × years of service. In this case, 15 days salary is to be computed bydividing the monthly salary by _________ days.
The formula for calculating gratuity for non-government employees covered by the Payment of Gratuity Act is: Gratuity = 15 * Last drawn salary * Number of years of service / 26 Where, Last drawn salary is the average salary of the employee for the last 12 months of service. Number of years of service is the total number of years of service with the employer. 26 is the number of days in a month. Therefore, 15 days salary is to be computed by dividing the monthly salary by 26.
If the company earned revenue from operations of Rs.18 lakh, what is the working capital turnover ratio of the company?
Which of the following Provident Fund is exempt up to 12% of employee's salary, from employer's contribution?
How many parties are involved in a Bill of Exchange?
What types of products and services can be procured through GeM?
What is the primary objective of the Reserve Bank of India (RBI)?
In international wire transfers, which role does a SWIFT Code play for the sender and the beneficiary?
If the organisation has Budgeted sales > the Break-Even level of Sales, then Margin of Safety, would be:
ICDS III deals with which of the following:
Withdrawal column of the Pass Book showed a wrong entry of Rs. 112. When the balance as per Cash Book is the starting point.
Which one of the errors is disclosed by Trial Balance?
