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Income has to be rounded off to nearest Rs. ef. 225214.99 will be rounded off to Rs.225210 and 225215 will be rounded off to 225220 | If employee is covered under PGA then rouding off to years is as follows e.g. 10 years 6 months - 10 years. 10 years 6 months 1 day = 11 years | re IT: for purposes of gratuity, government employees would include central, state government and employees of local authority | Leave encashment paid 2 legal heirs of employee is exempt | Tax: re transfer of assets by employer: electronic items include data storage devices for eg. Computer digital diaries printers. They exclude household devices like washing machine microwave oven mixers hot plate | V R S compensation is exempt only once in lifetime. If 10(10C) is claimed relief u/s 89 is not available | scholarship given by employeer to children to employees, not as per terms of employment, is not a Taxable perk for employee
Siddharth Academy
The journey called " Siddharth" Siddharth has been pioneered with a view to find out the substance, the real meaning of life. From ‘Darkness’ to ‘Light’ is the journey we all go through. The journey called Siddharth started in 1997 when Mr. Vinay Bhagwat, a professional Company Secretary and Chartered Accountant, perceived a lack of proper guidance, mentoring and direction for students pursuing professional courses. What started out as a small entrepreneurial venture with a social objective has now become a public company. Its social objective is preserved in the form of its arm - Siddharth Education Society, a charitable trust. It is an institution run for the students, by the students and of the students.
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