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Gratuity calculation in India

Chalanachithram.com DB » New TF Industry Related » Archive through June 23, 2014 » Gratuity calculation in India « Previous Next »

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Bushu
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Post Number: 8614
Registered: 04-2009
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Posted on Monday, June 23, 2014 - 10:52 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

gratuity ante?
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Reddit
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Post Number: 5624
Registered: 05-2013
Posted From: 122.169.233.241

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Posted on Monday, June 23, 2014 - 09:11 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Filmbuff:

Thokkalo filings chala vaatiliki kavali - simple things like getting a bank account, telephone lines, some ROC filings and of course, if i intend to raise money, i need many copies…


Certificate of registration isthe chalu only for setting up PF account you need MOU
Spend less time trying to be brilliant and more time trying to avoid obvious stupidity.
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Filmbuff
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Post Number: 4679
Registered: 11-2011
Posted From: 117.198.134.28

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Posted on Monday, June 23, 2014 - 09:09 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Reddit:

Why re? One copy is enough kada?




Thokkalo filings chala vaatiliki kavali - simple things like getting a bank account, telephone lines, some ROC filings and of course, if i intend to raise money, i need many copies...
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Reddit
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Post Number: 5621
Registered: 05-2013
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Posted on Monday, June 23, 2014 - 09:05 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Filmbuff:

printing of 100 copies of my Memorandum and Articles etc.


Why re? One copy is enough kada?
Spend less time trying to be brilliant and more time trying to avoid obvious stupidity.
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Filmbuff
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Username: Filmbuff

Post Number: 4678
Registered: 11-2011
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Posted on Monday, June 23, 2014 - 09:03 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Reddit:

Almost everything can be done online & then you just need 3 or 4 affadivats which are very generic in nature daniki 25 K na




Yeah, i don't have the time to see the new MCA rules afresh. Moreover this includes the stamp duty on the authorised capital, printing of 100 copies of my Memorandum and Articles etc.
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Reddit
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Post Number: 5620
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Posted on Monday, June 23, 2014 - 08:59 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Filmbuff:

Don't pay more than 25000


Almost everything can be done online & then you just need 3 or 4 affadivats which are very generic in nature daniki 25 K na

Filmbuff:

Infosys, i hear, pays out gratuity even for people who have completed 1-2 years of service.


Wipro ante believable but infy na
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Filmbuff
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Username: Filmbuff

Post Number: 4676
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Posted on Monday, June 23, 2014 - 08:56 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Wellsfargo:

Nenu oka company register cheyyali. Koncham cheap and reliable CA ni refer chestava. Start up company so edo america nundi projects vacchestayi, kummestaru, dochestaru anukune batch kakunda koncham simple and reliable undali




I am getting one done here in Delhi. Don't pay more than 25000. Throw him the line that you will also get your stat audit done through him.

Only pain right now is that with the new Companies Act, there are a host of changes to the process which even some of the CAs are figuring out afresh. So this is taking time.

Reddit:

CTC lo part ga kuda chupisthunnaru




Companies do show that in CTC to blow up the number. But gratuity is payable only if one has worked in a company for greater than 5 years. But companies have flexibility on this - Infosys, i hear, pays out gratuity even for people who have completed 1-2 years of service.
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Reddit
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Posted on Monday, June 23, 2014 - 08:53 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Wellsfargo:


http://www.startupfreak.com/4-step-registering-your-startup- in-india/ follow the steps given in that link and you are all set.
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Reddit
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Post Number: 5618
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Posted on Monday, June 23, 2014 - 08:48 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Wellsfargo:

Nenu oka company register cheyyali. Koncham cheap and reliable CA ni refer chestava. Start up company so edo america nundi projects vacchestayi, kummestaru, dochestaru anukune batch kakunda koncham simple and reliable undali


Own ga chesukovatam better lepothe if you don't know them personally prathi vadu will try to take us for a ride. Chala easy kuda Image hospitals deggara Karvy ki ellina vallu help chestharu
Spend less time trying to be brilliant and more time trying to avoid obvious stupidity.
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Wellsfargo
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Post Number: 1600
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Posted on Monday, June 23, 2014 - 08:40 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Reddit:



Nenu oka company register cheyyali. Koncham cheap and reliable CA ni refer chestava. Start up company so edo america nundi projects vacchestayi, kummestaru, dochestaru anukune batch kakunda koncham simple and reliable undali
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Wellsfargo
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Posted on Monday, June 23, 2014 - 08:37 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Reddit:

atta anukunte their definition is weekly day offs not holidays so 15/30 ayye chances kuda there kada?




Kaadu government rule pettindi 26 ani. aa 26 ni face value meeda teesukondi logic vaddu.
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Reddit
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Post Number: 5616
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Posted on Monday, June 23, 2014 - 08:35 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Filmbuff:

There is no separate dispensation for IT companies. As per the payment of gratuity act and supreme court rulings, 26 is the no. of days per month. Whether that IT company works for 4 days or 5 days is irrelevant. The payment of gratuity act does not differentiate between type of company and their internal employee rules on holidays etc.


Gratuity fund set cheyyali oka company lo; ikkada HR lo evariki idea kuda ledu & most of them are working in this company for > 5 years. CTC lo part ga kuda chupisthunnaru
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Filmbuff
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Posted on Monday, June 23, 2014 - 08:27 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

There is no separate dispensation for IT companies. As per the payment of gratuity act and supreme court rulings, 26 is the no. of days per month. Whether that IT company works for 4 days or 5 days is irrelevant. The payment of gratuity act does not differentiate between type of company and their internal employee rules on holidays etc.
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Ustaad_kalyan_fan
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Post Number: 5884
Registered: 12-2011
Posted From: 115.111.228.54

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Posted on Monday, June 23, 2014 - 04:31 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Reddit:

loss of pay vunte per day calculate chestharu kada not monthly



loss of pay unna 30/31 days lo oka day reduce chestaru anthe
sat and sunday ku they are paying us.
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Reddit
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Post Number: 5608
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Posted on Monday, June 23, 2014 - 04:24 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Ustaad_kalyan_fan:

meeeku salary ichedi month ka leka days ka simple logic


Monthly but neku loss of pay vunte per day calculate chestharu kada not monthly.
Spend less time trying to be brilliant and more time trying to avoid obvious stupidity.
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Ustaad_kalyan_fan
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Posted on Monday, June 23, 2014 - 04:18 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

meeeku salary ichedi month ka leka days ka simple logic
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Reddit
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Posted on Monday, June 23, 2014 - 04:06 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Wellsfargo:

26 ee. Technically IT companies also work for 6 days but 6th day is a day off.


atta anukunte their definition is weekly day offs not holidays so 15/30 ayye chances kuda there kada?
Spend less time trying to be brilliant and more time trying to avoid obvious stupidity.
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Wellsfargo
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Post Number: 1597
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Posted on Monday, June 23, 2014 - 04:04 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Reddit:

Kaani IT companies lo 5 day week kada so "15/26" lo denominator 26 ninchi 22 avuthunda leda?




26 ee. Technically IT companies also work for 6 days but 6th day is a day off.
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Reddit
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Posted on Monday, June 23, 2014 - 03:57 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Can some one please throw a light on this naku telisina formula (B + DA)*Y*15/26

where B- Basic, DA - Dearness allowance, Y - number of years served in the company.

Kaani IT companies lo 5 day week kada so "15/26" lo denominator 26 ninchi 22 avuthunda leda?
Spend less time trying to be brilliant and more time trying to avoid obvious stupidity.

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