Gratuity



The Payment of Gratuity Act

  • Assisting Employers to obtain Group Gratuity Policy thru Life Insurance Corporation of India (LIC).

  • Helping work out Gratuity amount to be made to resigned / left employees or to nominees of employees in case of death.

  • Arranging Accounting Standard (AS-15) Statement towards making Gratuity provision which is required as per Income Tax norms.

  • Helping HR’s in arranging quick gratuity claim settlement by following up with LIC.

  • Keeping the HR’s and Clients updated on any new amendments / circulars / notifications pertaining to the Act.

  • Assisting employers during closures, mergers, amalgamations, union issues which has an impact of employees Gratuity.

  • Attending Labour Inspections / Assessment’s, notices and guiding employers on precautions to be taken under the Act during such assessment and drafting replies wherever required.

  • Assisting HR’s to work out Cost to Company (CTC) considering Gratuity as the case may be.