- Group Gratuity Scheme covers Gratuity Benefits as well as provide protection to the family through life insurance cover in the event of unfortunate death.
- The scheme can be enhanced with rider plans to cover accidental death benefits, accidental disability benefits.
- The gratuity contribution is allowable expenses under the Income Tax Act 1961, to the employer.
- The Gratuity Benefits and the insurance claim proceeds if any, as received by the employees, are exempted from Income Tax too.
Menu
Menu
