Gratuity & Bonus Act Consultant in Satara
Gratuity Fund Setup, Bonus Calculation & Compliance
The Payment of Gratuity Act, 1972 and the Payment of Bonus Act, 1965 are important labour laws that require employers to pay gratuity and bonus to eligible employees. Non-compliance can result in penalties and legal action.
Shree HR Services provides gratuity and bonus act consultancy in Satara, including fund setup, eligibility verification, calculation, distribution, and statutory filings.
Why Gratuity & Bonus Act Consultant Services Are Needed
- Gratuity eligibility verification (5 years service)
- Gratuity fund setup with LIC or trust
- Gratuity calculation and payment
- Bonus calculation based on allocable surplus
- Bonus distribution within prescribed timelines
- Register maintenance (Form A, B, C)
- Annual return filing (Form D)
- Compliance audit and advisory
Gratuity & Bonus Services
- Gratuity
- Eligibility Check
- Fund Setup (LIC/Trust)
- Gratuity Calculation
- Gratuity Payment
- Annual Return Filing
- Bonus
- Bonus Calculation
- Bonus Distribution
- Register Maintenance (Form A, B, C)
- Annual Return (Form D)
- Compliance
- Compliance Audit
- Advisory
- Inspection Support
Benefits
Legal Compliance
Meet all gratuity and bonus act requirements.
Accurate Calculation
Correct gratuity and bonus amounts for every employee.
Fund Management
Proper gratuity fund setup with LIC or trust.
Timely Payment
Ensure gratuity and bonus are paid within timelines.
Organized Records
Maintain all statutory registers and returns.
Expert Advisory
Professional guidance on complex scenarios.
Documents Required
- Employee Details with Service Period
- Salary Structure
- Attendance Records
- Previous Gratuity Records
- Bonus Calculation Data
- Company Financial Records
Industries We Serve
- Factories & Manufacturing
- Hospitals
- Schools & Colleges
- Hotels & Restaurants
- Construction Companies
- Retail Chains
- IT Companies
- MSMEs
Frequently Asked Questions
When is gratuity payable?
Gratuity is generally payable to employees who have completed 5 years of continuous service, subject to applicable legal provisions.
How is gratuity calculated?
Gratuity is calculated as 15 days of wages for every completed year of service, based on the last drawn salary.
Is bonus mandatory?
Yes, under the Payment of Bonus Act, 1965, eligible employees are entitled to a statutory bonus based on allocable surplus.
Do you handle fund setup?
Yes, we assist with gratuity fund setup with LIC or a private trust and manage annual contributions.
Areas Served
Satara MIDC, Karad MIDC, Phaltan MIDC, Wai Industrial Area, Koregaon, Shirwal, Khandala
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