The List Mandatory Gratuity Compliances applicable to Indian Companies, Private Schools, Hospitals, NGO's, MNC's, FMCG, IT Companies with 10+ employees as per the Payment of Gratuity Act, 1972 :-
1. Gratuity Registration as per 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. Actuarial Valuation under Gratuity Plan at the end each Financial Year
3. Compulsory Gratuity Insurance as per Section 4A of the Payment of Gratuity Rules 1972 for companies doing business in Andhra Pradesh, Telangana and Karnataka.
4. Formation of Approved Gratuity Fund under Irrevocable System in compliance of Part C Of Fourth Schedule of Income Tax Act, 1961 for Tax Benefit under Section 36(1)(v) and 10(25)(iv)
5. Gratuity Trust Annual Compliances (i.e. Accounting, ITR 7/ITR5, Audit, Claim Settlement Assistance, Deed of Variation, Annual Return of Form III in Karnataka, Telangana & Andhra Pradesh)
6. Merchant Banker (Shares, Debentures Valuations) & Registered Valuer Valuations (Plant/Machinery, Land/Building Valuations) (For various Provisions of Income Tax and Companies Act).
7. Consultation for Implementation of Social Security Code Policy (Refer Rule 57 of the Draft Rules of Social Security Code)
For more details or clarification contact us as 9211637063, tikaramchaudhary@gratuitytrustfund.com
From India, New Delhi
Acknowledge(0)
Amend(0)
1. Gratuity Registration as per 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. Actuarial Valuation under Gratuity Plan at the end each Financial Year
3. Compulsory Gratuity Insurance as per Section 4A of the Payment of Gratuity Rules 1972 for companies doing business in Andhra Pradesh, Telangana and Karnataka.
4. Formation of Approved Gratuity Fund under Irrevocable System in compliance of Part C Of Fourth Schedule of Income Tax Act, 1961 for Tax Benefit under Section 36(1)(v) and 10(25)(iv)
5. Gratuity Trust Annual Compliances (i.e. Accounting, ITR 7/ITR5, Audit, Claim Settlement Assistance, Deed of Variation, Annual Return of Form III in Karnataka, Telangana & Andhra Pradesh)
6. Merchant Banker (Shares, Debentures Valuations) & Registered Valuer Valuations (Plant/Machinery, Land/Building Valuations) (For various Provisions of Income Tax and Companies Act).
7. Consultation for Implementation of Social Security Code Policy (Refer Rule 57 of the Draft Rules of Social Security Code)
For more details or clarification contact us as 9211637063, tikaramchaudhary@gratuitytrustfund.com
From India, New Delhi
Acknowledge(0)Amend(0)Join Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Payment of Gratuity Act, 1972 & The Rules.ppt
THE PAYMENT OF GRATUITY ACT 1972.doc