Gratuity Compliances Applicable to Establishments with 10+ Employees as per the Payment of Gratuity Act, The Payment of Gratuity Rules, Income Tax Act & Income Tax Rules :-
1. Compliance of Sub-rule I of Rule 3 of the Payment of Gratuity Rules 1972 (i.e Submission of Form A for Notice of Opening and maintenance of Form F – Nomination Forms)
2. Compliance of Section 4A Compulsory Gratuity Insurance for companies doing business in Andhra Pradesh, Telangana and Karnataka. Companies in other states can also voluntarily opt for this compliance due to Tax Benefits.
3. Compliance of Part C Of Fourth Schedule of Income Tax Act, 1961 (i.e. Approvals for New and Old Gratuity Trusts)
4. Compliance of Rules 98-111 of Income Tax Rules 1962 required by the Gratuity Trusts of the Companies.
5. Compliance of Section 129 of the Companies Act, 2013. Every company needs to prepare the Balance in compliance of Section 129 of Companies Act 2013 and required to follow the Accounting and Disclosures given in the Accounting Standards (I.E. AS 15 (Revised 2005) & IndAS 19).
In case of any query call us at 011-45261651 or email your query at tikaramchaudhary@gratuitytrustfund.com
From India, Delhi
51. Compliance of Sub-rule I of Rule 3 of the Payment of Gratuity Rules 1972 (i.e Submission of Form A for Notice of Opening and maintenance of Form F – Nomination Forms)
2. Compliance of Section 4A Compulsory Gratuity Insurance for companies doing business in Andhra Pradesh, Telangana and Karnataka. Companies in other states can also voluntarily opt for this compliance due to Tax Benefits.
3. Compliance of Part C Of Fourth Schedule of Income Tax Act, 1961 (i.e. Approvals for New and Old Gratuity Trusts)
4. Compliance of Rules 98-111 of Income Tax Rules 1962 required by the Gratuity Trusts of the Companies.
5. Compliance of Section 129 of the Companies Act, 2013. Every company needs to prepare the Balance in compliance of Section 129 of Companies Act 2013 and required to follow the Accounting and Disclosures given in the Accounting Standards (I.E. AS 15 (Revised 2005) & IndAS 19).
In case of any query call us at 011-45261651 or email your query at tikaramchaudhary@gratuitytrustfund.com
From India, Delhi
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