Skip to content
Interactive Meeting
Brouchure
Facebook
Twitter
Youtube
Linkedin
Whatsapp
Interactive Meeting
Facebook
Twitter
Youtube
Linkedin
Whatsapp
Home
About Us
Our Services
Actuarial, Accounting and Advisory
Services offered
Gratuity
Leave
Deferred Incentive Scheme
ESOP
Knowledge Base
Calculator
Gallery
Blog
Contact Us
Menu
Home
About Us
Our Services
Actuarial, Accounting and Advisory
Services offered
Gratuity
Leave
Deferred Incentive Scheme
ESOP
Knowledge Base
Calculator
Gallery
Blog
Contact Us
Gratuity Actuarial Valuation
All companies having 10+Employees need to make Provision for Gratuity as per Actuarial Valuation method PUCM to comply with AS15/ Ind AS19.
Regulation
Gratuity Act, 1972
All Organisations
More than 10 Employees
5 Years vesting
20 lakhs limit
Accounting
Accrual Principle
AS 15/ Ind AS 19
Actuarial Valuation as per PUC method
Mandatory for all size Companies
Provision even if service less than 5 years
Taxation
Allowed on Payment basis
Contribution to ‘Approved Gratuity Fund’ Allowed [36(1)(v)]
Contribution limit 8.33% (Rule 103)
Audit
SA 620 refers to using work of Actuaries
All AS 15 implementation maximum deficiency as per FRRB
