Viriksha HR Solutions
Payment of Gratuity Act
Gratuity is a form of money the employer offers to the employees based on the length of service. It is an amount paid once only as an appreciation award on retirement, resignation or dismissal except in exceptional cases. Gratuity is part of the compensation of a worker and is also one of the most significant sources of the post-retirement income.
Payment of Gratuity Act objectives
The Payment of Gratuity Act controls gratuity. Gratuity can be given to the employees earlier in case they are disabled by accident or disease. This will depend on the previous salary drawn and the number of years served. The aims of Payment of Gratuity Act are followed:
- To ensure that the employees are financially stable when they retire, or end the services.
- To achieve uniformity in payment of gratuity to all the industries.
- To provide a homogeneous formula of calculation and eligibility.
In Viriksha HR Solution, we deal with the provision of comprehensive services under the Payment of Gratuity Act. Helping organizations effectively deal with employee gratuity, our team makes sure the computations are correct, payment is made in time, and it is performed in accordance with legal provisions.
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Payment of Gratuity Act services we do
Viriksha HR Solution assists the business throughout the process in terms of examination of eligibility, documentation and reduction of risks and transparency. Viriksha HR Solution is a serious and hassle free company that you can trust to give worthy services regarding gratuity management. Our services are the following:
Viriksha HR Solution offers specialist Gratuity Calculation Services in full observation of the Payment of Gratuity Act and the related rules. Our services guarantee proper calculation of gratuity to the employees based on tenure, wages and statutory requirements. We assist companies to stay in legal compliance, prevent conflicts, and make the exit settlement of employees as effective as possible. Reliable and accurate timely calculating of the gratuity calculated according to the needs of your organization is guaranteed by Trust Viriksha HR Solution.
Viriksha offers specialized services of maintaining the Gratuity Registers and Employee Records as per the legal requirements. We make certain that we have correct and up to date records of the gratuity entitlements and employee related information as this assists organizations to remain audit ready and in compliance with labor laws. Our business model reduces errors, eases record maintenance, and aids the efficient running of their HR functions, which provide businesses with confidence and lets them concentrate on the fundamental developments of their company.
 Viriksha HR Solution offers professional Timely Gratuity payment and Disbursement Assistance that makes sure your employees get what they deserve and when they are supposed to get it. Our team adheres to all legal provisions and compliance provisions, in the Gratuity Act, handling calculations, documentation and disbursement in an efficient manner. Through us, organizations can see to it that there is smoothness in the processing of gratuities, and they reduce the number of errors.
 Viriksha HR Solution offers professional Compliance Audit Services of the Payments of Gratuity Act to ensure that your organization complies with the stipulations of the law. The policies, calculations, and records of our team are carefully checked to find the discrepancies and reduce risks. We assist companies in transparency, penalty, and payment of gratuities at the right time. Reliable and fully compliant with the laws and regulations of conducting the gratuity audits, Trust Viriksha HR Solution can be relied on to perform accurate and reliable audits of the organization that protect the rights of the employees and the integrity of the organizations.
Viriksha HR Solution offers top advisory services on the current changes in the Gratuity Act. We make sure that businesses remain in compliance with the changing regulations reducing legal risks and financial liability. We help companies to adopt new policies, to determine the amount of gratuity payable correctly, and to respond to employee questions. Using our custom solutions, businesses will be able to maneuver the intricacies of the Gratuity Act without a problem, both in terms of statutory regulations and in terms of employee satisfaction.
 Viriksha offers consultant support services during Labour Department inspections and makes sure that your organization is aware of payment of Gratuity Act. Our team will help us to make documentation, prepare audits, and answer regulatory questions, reducing the risks of non-compliance. We also take employers through the maze of labor legislations, protect the rights of employees, and provide a hassle-free inspection procedure. Viriksha HR Solution helps companies to navigate the legal requirements without uncertainty and retain transparent and effective HR practices.
Why Choose Us
In Viriksha HR Solution, we deal with a full service provision of the Payment of Gratuity Act. The reasons why the companies prefer us are as follows:
Ensures that your organization operates in full compliance with the Payment of Gratuity Act without penalties.
Prepares accurate calculations of gratuity of eligible employees.
Assists the organizations in paying the gratuity within the stipulated statutory time.
Adapts the gratuity management to your company size and sector.
Minimizes HR workload through the management of complex gratuity processes in end-to-end.
Keeps your company informed about any amendments to gratuity rules and regulations.
Viriksha HR Solution, we also make sure that employees get their right benefits thus boosting trust and retention.
Frequently asked questions
We help companies in calculating, processing, and paying gratuity payments and make sure that all the requirements of the Payment of Gratuity Act are met.
Yes. We are end-to-end service providers of small organizations, as well as large ones, which would track tenure, compute amounts, fill forms, and see to statutory compliance.
Yes, we do mentor and offer help in making decisions concerning the aspect of gratuity and help in adherence to the stipulations of the law.
Outsourcing decreases compliance risk, corrects payments, saves administrative time and offers expert guidance in line with the Act.
We are on time in calculation and disbursement, and we reduce delays and make sure that they are within the statutory timeframes.