Employeees group gratuity trust
Querist : Anonymous
we are a pvt ltd company. and the Gratuity Act is applicable to us.
Please advise how to compile the gratuity Act ?
Regards,
Vijay
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
Vijay Jain
Pl refer :
https://www.india-briefing.com/news/applicability-calculation-gratuity-india-6435.html/
https://taxguru.in/income-tax/all-about-payment-of-payment-of-gratuity-act-1972-in-brief-including-the-recent-amendments.html
Thanks
Querist : Anonymous
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
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
Querist : Anonymous
Vijay
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