Dear Friends,
I have a query regarding Gratuity payment. Kindly please help me to make a fare result.
Details are as follows:
01. Gratuity being the pard of CTC, every month gratuity is deducted from the employees salary.
02. We formed a trust to maintain Group Gratuity scheme.
03. Now we need to deposit the amount to individual employees account.
Now my query is -
01. Some of the employees absconded/resingned without information, whos gratuity amount lays with the company. Do we need to deposit the amount to particular employees account?
02. If not required, and the concerned employee is not available, How that amount to be accounted?
03. Do we need to deposit that balance amount to labor welfare board?
Please suggest.
Hari
I have a query regarding Gratuity payment. Kindly please help me to make a fare result.
Details are as follows:
01. Gratuity being the pard of CTC, every month gratuity is deducted from the employees salary.
02. We formed a trust to maintain Group Gratuity scheme.
03. Now we need to deposit the amount to individual employees account.
Now my query is -
01. Some of the employees absconded/resingned without information, whos gratuity amount lays with the company. Do we need to deposit the amount to particular employees account?
02. If not required, and the concerned employee is not available, How that amount to be accounted?
03. Do we need to deposit that balance amount to labor welfare board?
Please suggest.
Hari