Easy Office
LCI Learning

Employeees group gratuity trust

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
27 September 2014 Dear Experts,

we are a pvt ltd company. and the Gratuity Act is applicable to us.

Please advise how to compile the gratuity Act ?

Regards,

Vijay


27 September 2014 How old is your company & what is employee strength?

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
27 September 2014 It is 4 years old and employees strength are 50 employees.




Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
27 September 2014 It is 4 years old and employees strength are 50 employees.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
27 September 2014 It is 4 years old and employees strength are 50 employees.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 September 2014 Please advise asap.

Vijay Jain

29 September 2014 Hi

Pl refer :

http://www.india-briefing.com/news/applicability-calculation-gratuity-india-6435.html/

http://taxguru.in/income-tax/all-about-payment-of-payment-of-gratuity-act-1972-in-brief-including-the-recent-amendments.html


Thanks

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 September 2014 Thanks sir.

But what will be procedure to compile the Gratuity Act.i.e. we need to open trust or directly can pay to LIC Gratuity scheme.

Please advise.
Vijay




29 September 2014 Hi

You can open Trust with LIC, but considering your employee strength i think it is not needed since you can very well manage gratuity outflow once employee resigns after completing gratuity term.

Thanks

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 September 2014 Thanks a lot.

Vijay

29 September 2014 Also i suggest to do acturial vaulation to know your current liability.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries