Interview Questions Answers.ORG
Interviewer And Interviewee Guide
Interviews
Quizzes
Home
Quizzes
Interviews Business and Economics Interviews:Account Manager AssistantAccountantAccounting ClerkAccounts ExecutiveAccounts OfficerAccounts Receivable (AR)AI AlgorithmsBPELBudgetingBusiness Development AssociateBusiness Development OfficerBusiness Development ResearcherBusiness Executive DevelopmentBusiness RatiosBusiness StrategyCA (Chartered Accountants)Change managementChief executive officer (CEO)Company Affairs (CS)Competitive StrategyCooperation SkillsCorporate StrategyCSCustomer ExperienceCustomer ServiceDeposit AccountEcommerce Customer Support ExecutiveEcommerce ManagerEconomicsExecutive International BusinessFinancialFixed AssetsGeneral AccountingGeneral LedgerGood SupervisorHospitality AccountingICWAImport Export SpecialistInsuranceIntegrated AuditsInventory AccountingInventory planning and controlManager Business UnitMerchandiserMergers & AcquisitionsNonprofit AccountingOrganizational IssuesOrganizational SkillsPayables ManagementPayroll ManagementPersonal AccountsPersonal Business AdviserPetty CashPrivate EquityProbation OfficerPublic relationsPurchase ExecutivePurchase PlannerPurchasing ManagerPurchasing OfficerQuality AuditsQuality MeasuresResearcher TraineeResponsibilityRetailRetaining Good EmployeesSecretary Accounts OfficerSenior Tax OfficerStrategy MethodsSuccessful StrategySweep AccountsTAX AccountantTaxationTransactional AccountsUser AccountWork Pressure
Copyright © 2018. All Rights Reserved
CA (Chartered Accountants) Interview Question:
What is Gratuity?
Submitted by: AdministratorAd
Gratuity is the amount payable by the employer to the employee as recognition for the long term association of the employee with the employer.
It may be payable by the employer in two ways:
★ On employee's retirement.
★ On the death of the employee to the legal heirs of the employee.
But in both the cases the treatment will be different. The amount paid by the employer to the employee on his retirement is taxed as 'Income from Salaries' while the amount paid by the employer on the death of the employee is taxed as 'Income from Other Sources'.
Submitted by:
It may be payable by the employer in two ways:
★ On employee's retirement.
★ On the death of the employee to the legal heirs of the employee.
But in both the cases the treatment will be different. The amount paid by the employer to the employee on his retirement is taxed as 'Income from Salaries' while the amount paid by the employer on the death of the employee is taxed as 'Income from Other Sources'.
Submitted by:
Copyright 2007-2025 by Interview Questions Answers .ORG All Rights Reserved.
https://InterviewQuestionsAnswers.ORG.

https://InterviewQuestionsAnswers.ORG.
