No Tags Found!


Anonymous
In case a company not following payment of gratuity act and instead pays the gratuity to its employees as part of CTC as and when the employee leaves the organization , whether the actuarial valuation is required or not. Company is not funding the gratuity liability also and creates the provision for liability in the books as per internal calculations. It may be noted that as per AS-15 the company falls under one of the category of the company where the valuation is mandatory. We are getting different views on this , can any one suggest.
From India, Mumbai
Avika
117

You should get the actuarial valuation done so as to have the correct provision of liability in the books
From India, New Delhi
dixonjose02
118

Yes, it is advisable to get the valuation done, as your org is comes under the purview of AS 15; further, the provisions of Gratuity Act are applicable to your org, whether u create a separate Trust to manage the liability or not.
From India, Mumbai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.