Sentences with phrase «gratuity fund»

Investment of gratuity fund in unit linked investment portfolio will reduce business costs.

Second, the contribution to a gratuity fund is tax deductible.

The new DTC has recast tax exempt savings and an individual can claim deduction up to Rs 1.5 lakh — Rs 1 lakh in avenues like provident fund, gratuity fund, superannuation fund and the Centre - approved pension fund — and a total of Rs 50,000 in the form of tuition fees of children, life insurance premium and mediclaim.

With superannuation funds coming under the ambit of fringe benefit tax (FBT), all may not be lost for life insurers as they are increasing the focus on gratuity fund.

Not exact matches

Solicitation of bribes and gratuities by an agent of a federally - funded organization (Lamont Evans, Emanuel Richardson, and Anthony Bland)

Solicitation of bribes and gratuities by an agent of a federally - funded organization (Christian Dawkins and Munish Sood)

Col Leo Segun Ajiborisha, left a substantial amount in the gratuity account but when Late Isiaka Adetunji Adeleke was governor, the fund was used to print documents and since then up to 2010, when this government came onboard it paid substantial amount of the backlog of gratuities up to 2014 when the paucity of fund set in», he asserted.

«No fund was released for pension and gratuity despite the fact that we included it in our letter to the CBN.

Dear sir this is not a comment but a question.there is no provision in income tax return form to show tax free retirement benefits (contributory provident fund final payout, leave encashment and gratuity) Should they be shown or not?

Group Gratuity Plan: A fund management based group insurance scheme that pays a Gratuity as a stated benefit to employees generally when they retire, resign or separate from the company, after completion of 5 years in employment.

Salary comprises of pension, wages, fees, gratuity, commission, provident fund contribution, perquisites, leave encashment, the contribution of the Central Government towards the pension and any compensation in exchange for a service.

Term insurance based products include Group Term Life Insurance and Credit Life insurance whereas, Fund Management based products include Group Gratuity Scheme, Group superannuation, Group Leave Encashment and Group annuities.

The DTC has restricted the investment avenues in long - term savings products that are available for claiming deduction upto Rs 1 lakh to just four: provident fund, superannuation fund, gratuity and approved pension scheme.

Any benefits like gratuity or provident funds are always at risk of running out rather quickly.

Not only that, Manisha is left with just four tax - free avenues for investing her surpluses over the long term — provident fund, gratuity, superannuation fund and any other pension fund approved by the central government.

You can also transfer your existing gratuity liability managed under other funds to Reliance Life Insurance Company Limited.

• IIS is able to manage their gratuity / leave encashment funds without any administrative hassles

Max Life Group Gratuity Premier Plan: It facilitates the employers to fund their gratuity liability in the most successfulGratuity Premier Plan: It facilitates the employers to fund their gratuity liability in the most successfulgratuity liability in the most successful manner.

Presenting, Reliance Nippon Life Traditional Group Employee Benefits that provides you with Gratuity and Leave Encashment benefits fund management services to meet your liabilities towards your employees based on your Scheme Rules, along with life cover to insure your employees against future contingencies.

Helping you fund your employee's retirement benefits - gratuity, superannuation and leave encashment, this plan ensures your employees are rewarded rightfully.

Gross Salary - Gross Salary is the gratuity and the employee provident fund (EPF) subtracted from the cost to company (CTC).

Our Plan helps you to make provisions to meet your obligations by helping you to set and manage your funds for gratuity and leave encashment benefits of your employees.

Bajaj Allianz Group Employee Care is a traditional variable non-linked, non-participating fund based group insurance product, which can be taken by you (an employer) to manage employee benefits like leave encashment and gratuity for your employees.

Step 3: A member on either leaving service due to retirement / resignation or on death / disability during the service, or any other such event that may terminate the employment, Exide Life Insurance will pay the benefits as per the scheme rules by redeeming the units in the investment funds to pay the gratuity benefit.

Employers who want this plan to take care of their Employee Benefit Scheme like Gratuity and Leave Encashment with expert Fund Management by the Company.

Exide Life Group Traditional Employee Benefit Plan has been designed to manage employee benefits like leave encashment and gratuity for the employees, and helps in building a substantial fund, to ensure hassle free discharge of the liabilities as a responsible employer.

A group gratuity insurance helps fund the gratuity requirements of your company.

For LIC New Group Gratuity Cash Accumulation Plan, premium allocation charge is not applicable and policy administration charge is applied on the fund value.

For ICICI Pru Group Gratuity, premium allocation charge is not applicable and policy administration charge is applied on the fund value.

This is a Fund Based Group plan for the employers who would like us to manage their funds for the employee benefits e.g. Gratuity, Leave Encashment benefits as per the scheme.

For Reliance Group Gratuity Plus Plan, premium allocation charge is not applicable and policy administration charge is applied on the fund value.

For Kotak Gratuity Plus Group Plan, some premium allocation charge is levied on the fund value and policy administration charge is not applicable.

For Aviva Group Gratuity Advantage, some premium allocation charge is levied on the fund value and policy administration charge is not applicable.

For Aegon Life Group Gratuity Plan, some premium allocation charge is levied on the fund value and policy administration charge is not applicable.

For Max Life Group Gratuity Premier Plan, some premium allocation charge is levied on the fund value and policy administration charge is applied on the fund value.