When an employee leaves the service, employer rewards him for his accrued service in the organization. He does so by giving you a free lump sum of cash - called gratuity in financial parlance - on your exit. The amount that an employer gives is based on the number of years of service employee have put into the organization.
This article is an attempt to give clarity about requirement of Accounting and Funding Arrangement for Gratuity Benefits.
This article is an attempt to give a brief about the Steps involved in Formation of Trust for Gratuity Fund.
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DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English