For startup companies with 25 employees have any options to create the Gratuity account other than the Trust account.
You can either create a provision based on internal computation accruing the liability to date or on an actuarial valuation
Thank you, Mohan. If any bank or insurance company is doing for the corporate Gratuity Fund account?
Most insurance companies (not banks) will set up a Gratuity Fund.
thanks my issue has been fixed.
Is this setting up of a Gratuity fund done for all the states or depending of the state policy?