Group Gratuity Scheme

  • 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.
Know More