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.
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