RBI has advised banks to withdraw non CTS 2010 compliant cheques. To know if your cheque book is compliant

RBI has advised banks to withdraw non CTS 2010 compliant cheques. To know if your cheque book is compliant

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Skoolpal Daily Message on 23 Sep 2013

Daily Message

For on Mon, 23 Sep 2013

Attendance: Present

Results

·        There is no relevant update available.

Tests

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Homework

·        There is no relevant update available.

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·        There is no relevant update available.

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·        There is no relevant update available.

Events

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Best Regards,

S koolpal Service

You can get more information on our website: http://www.skoolpal.com/

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How to cancel a policy and their benefits

How to cancel a policy and their benefits

Avoid mistakes in shares and mutual funds investments

Avoid mistakes in shares and mutual funds’ investments

Money Savings Tips

Money Savings Tips

Gold loan current trend

Gold loan current trend

testing

testing

షేర్ మార్కెట్ లో సరికొత్త నిబందనలు / Share market created a new conditions for trading.

షేర్ మార్కెట్ లో సరికొత్త నిబందనలు  / Share market created a new conditions for trading.

http://epaperclips.blogspot.in

Radcliffe School Review Hyderabad

Radcliffe School Hyderabad Review 2013

The radcliffe school people sent a circular to existing student parents for parents referrals offers on Admission fee as follows.

Ex: 1 to 5 No.s of new admissions, you will get 2000 off for each admission.

      6 to 10 No.s of new admissions, you will get 2500 off for each admission

      More than 10  you will get 3000 rs off for each admission. 

Note: if discount on admission frees then referral incentive will be Rs 500 each only.

Please make a note don't think about offer. They are attracting people. But school people should not do like that.






Radcliffe School Hyderabad Review 2012

What is gratuity and how it is calculated?

What is gratuity and how it is calculated?

 

What is gratuity and how it is calculated?

Gratuity is the form of gratitude provided to employees in monetary terms for services rendered to the company. It is the important form of social security benefit provided as per the Gratuity Act. Employees would get benefited through Gratuity when they stay longer period in a company. In this article I would detail about what is a gratuity, who is eligible for gratuity payment, how it is computed and how gratuity is taxed.

 

Who is eligible for gratuity payment?

An employee is eligible for gratuity, if he/she has completed 5 years of completed service with the company. However in case an employee expires, this 5 years is relaxed and he would be paid for every 1 year completed service. Please note that the company needs to have at least 10 employees so that they can pay gratuity to eligible employees.

 

When is gratuity payable or paid?

Eligible employees would be paid a gratuity in case of resignation, retirement or superannuation or death.

 

How Gratuity is computed?

Gratuity is paid for 15 days of every completed year of employment after 5 years of service. If you have worked for more than 6 months in a year, it would be treated as 1 completed a year. Means if you worked for 5 years 6 months, you are eligible for 6 years gratuity. However if you worked for 5 years 5 months, you are eligible only for 5 years gratuity. Below is the method of computation

·        Gratuity paid for 15 days for every completed year of service

·         Your last drawn basic salary + DA will only be considered for computation

·         Number of working days would be considered as 26.

 

15 days x no. of years completed

Gratuity payable = ——————————————-

26 (working days)

e.g. if you have basic salary + DA as Rs 40,000 per month and you worked for 5 years 6 months which is equivalent to 6 years. Below is the computation of gratuity.

   15 x Rs 40,000 x 6 (years)

Gratuity = ——————————– = Rs 138,641

                               26

 

Tax treatment of gratuity income

For the purpose of gratuity taxation, employees are divided into 3 categories. Govt employees, other employees who are covered under the payment of gratuity act and other employees who are not covered under the payment of gratuity act.

 

a) Govt employees: Gratuity is fully exempted from tax for all Government employees.

 

b) Other employees who are covered under the payment of gratuity act: Least of the following is exempt from income tax

·        15 days of salary for every completed year of service (Including part thereof)

·        Rs 10 Lakhs

·        Actual gratuity received

 

Illustration: An individual who has Rs 40,000 as basic + DA per month and who has finished 5 years and 6 months would get gratuity Rs 40,000 x 6 x 15/26 = Rs 138,641

c) Other employees who are NOT covered under the payment of gratuity act: Least of the following is exempt from income tax

·        Half month average salary for every completed year of service (average salary is arriving for the basic salary+ DA received in the last 10 months). Part of the year would be ignored

·        Rs 10 Lakhs

·        Actual gratuity received

 

Illustration: An individual who has Rs 40,000 as basic + DA per month in the last 10 months and who has finished 5 years and 6 months would get gratuity Rs 40,000 x 5 x 15/26 = Rs 115,384 In case an employee has claimed gratuity exemption earlier, the amount would be reduced from current amount and the maximum eligible exemption would be Rs 10 Lakhs only

 

 

Android 4.4 Called KitKat

Google has announced new Android OS 4.4 v called KitKat.

 

Google Android 4.4 version

 

History of Android OS Versions as follows:

Versions	OS Name	Released Year
Android 1.0	-	2008
Android 1.1	-	2009
Android 1.5	Cupcake	2009
Android 1.6	Donut	2009
Android 2.0	Eclair	2009
Android 2.2	Froyo	2010
Android 2.3	Gingerbread	2010
Android 3.0	Honeycomb	2011
Android 4.0	Ice Cream Sandwich	2012
Android 4.1	Jelly Bean	2012
Android 4.4	KitKat	2013

 

Airtel Free Mobile Info SUNB to 121

 

Get free daily updates on the current usage on your Airtel mobile 9xxxx-xxxxx. Text  SUNB to 121. Current Usage gets updated every 24 hours.

 

Get Mobile Number of any Unknown Sim Cards

 

Provider	Dial Code
Idea	*1#
BSNL	*1#
Videocon	*1#
Reliance	*1#
Virgin Mobile	*1#
AirTel	*121*9#
Vodafone	*111*2#
Aircel	*888#
Docomo	*580#