Group Gratuity Scheme

Group Gratuity Scheme

  • Group Gratuity Scheme cover Gratuity Benefits as well as provide protection to family through life insurance cover in the event of unfortunate death.
  • The scheme can be enhanced with rider plans to cover accidental death benefit, accidental disability benefit.
  • The gratuity contribution are allowable expenses under 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.
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