Gratuity Trust Fund Consultant in Noida

This article is an attempt to give more clarity about Nature of Gratuity Benefits, Factors affecting exponential increase in Gratuity Benefits, Accounting requirement for Gratuity Benefits, Taxation benefits available to companies in pay as go option and Compulsory Insurance Requirement for companies having registered office in Aandhra Pradesh/other states of India and Roll of a Gratuity Trust fund consultant in formation of an Approved Gratuity Trust for Compulsory Insurance. 1. Brief about Gratuity Benefit Gratuity being an important retirement benefit to employees in the Indian context, is relevant for all organizations (i.e. MNC’s, Schools and Other business entities) having more than 10 employees . Since an employee sacrifices prime time of his life for the development, prosperity and betterment of his employer, employer pays his employee gratuity as a graciousness or gift to him, when he no longer serves him. gratuity is a statutory obligation on the shoulders of the employ