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I have asked by my new Company to prepare a compliance report for the HO in Mumbai & branches in New Delhi, Bangalore & Chennai.
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I have been asked by my new Company to prepare a compliance report for the HO in Mumbai & branches in New Delhi, Bangalore & Chennai.
I need to file the report from Admin perspective by Thursday. Please help me particularly with regard to laws like Shops & Establishment in Delhi, Bengaluru and Chennai.
Tika Ram Chaudhary - Gratuity Trust Fund Consultant in Delhi NCR Region
Gratuity, as is well known, is a statutory liability of the employer. Also, since Gratuity is calculated on the basis of the last salary drawn, the liability of an employer increases rapidly as years pass on or as the salary of the employees increase. Organizations with sizeable Gratuity liability must have the Gratuity liability valued and funded separately. Dedicated Gratuity funding is one of the fundamental principles of sound corporate governance.
As a prudent financial practice, as well as for appropriate taxation planning and investment management, it is advisable for organizations to Form an Approved Gratuity Fund. The contribution made by the companies into an approved Gratuity Fund is allowed as deductible expense under section 36 (1) (v) of the income tax act, 1961. Similarly Interest earned by the Approved Gratuity Fund is also Tax free. Contribution received from the employer into an approved Gratuity Fund and Tax Free Interest earned from the Investment together is used by the Trust to dispose of the Gratuity Liability of the company in future.
We offer our Consulting Services for Establishment of an Approved Gratuity Fund and Advisory Services for Investment of Gratuity Fund either into Group Gratuity Schemes of Insurer or into Self- Managed Investment as per the guidelines of the Regulator. We have given our consultation to CFOs, Directors, Heads of HR, Finance and Tax Planning department of the Companies for Formation of an approved Gratuity Trust and its Investment. Our clientele is spread in all sectors of the Indian Economy, in the Public & Private Sectors which covers areas of Manufacturing, Software, Technology, Electricity, Electronics, Call Centers, Banks,
In case you need our consultancy services, then you may contact us at the following:-
Tikaram Chaudhary
Gratuity Trust Fund Consultant
(10 Years of Experience in Gratuity and Leave Encashment Valuations and Formation of Trust fund)
Office Address : R 11, F/F, R Block, Vikas Nagar, New Delhi -110059
Mobile Number : 9211637063
Email Id : ,
LinkedIn Profile :
(All Consultancy Services provided by us are subject to terms & conditions will be stated when a consultation job is accepted.)
Is Shops & Estd license needed for an office in New Delhi if it has less than 10 employees. What are the other statutory compliances needed.
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