Gratuity
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 January 2011
We make payment of gratuity to employees but we are not registered under trust for gratuity with LIc or any other.
Is it mandatory to register our organisation for GRatuity.
Is it mandatory to register our organisation for GRatuity.
24 January 2011
No It is not required to form a trust for the purpose of paymentof Grartity. If a Company has not formed Trust, Company has tp pay from his Bank Account when the employee retires.
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