Is any option available for Gratuity Fund other than Trust account

For startup companies with 25 employees have any options to create the Gratuity account other than the Trust account.

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You can either create a provision based on internal computation accruing the liability to date or on an actuarial valuation

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Thank you, Mohan. If any bank or insurance company is doing for the corporate Gratuity Fund account?

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Most insurance companies (not banks) will set up a Gratuity Fund.

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thanks my issue has been fixed.

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Hi,

Is this setting up of a Gratuity fund done for all the states or depending of the state policy?

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