Gratuity Compliance Service
|Type Of Ownership||All|
|Type of Industry||all|
|Type Of Services||Retainer|
|Type of Service Provider||Consulting Firm|
|Type of Service Contract||both|
Gratuity refers to the company's thank-you to its employees. With a gratuity plan, an employee receives gratuity for each year of service, and this benefit increases for each additional year the person works for the company. This gratuity becomes payable when the employee leaves the company. A company's gratuity obligations are appraised using actuarial valuation techniques and provided in the gratuity report, which is necessary for the company's financial audit.
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