Dear all,
It is common practice to provide a gratuity provision in accounts every year to facilitate gratuity payments by the management. The provision is approved by the Income Tax Authorities if it is based on the actuarial valuation conducted by approved valuers. For more information, you may refer to the following website: [http://www.actuarial-valuation.com/](http://www.actuarial-valuation.com/)
From India, Madras
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66It is common practice to provide a gratuity provision in accounts every year to facilitate gratuity payments by the management. The provision is approved by the Income Tax Authorities if it is based on the actuarial valuation conducted by approved valuers. For more information, you may refer to the following website: [http://www.actuarial-valuation.com/](http://www.actuarial-valuation.com/)
From India, Madras
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