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Interactive Meeting
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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
Leave Actuarial Valuation
Maharashtra, Karnataka, Delhi shop act – limit 45 days Factories Act 1948, Rajasthan shop act – limit 30 days Gujarat shop act– limit 63 days (encashment in all above)
Regulation
Respective State’s Shop Establishment Act
Factories Act
Carry forward of Leave upto specific limit?
Encashment on separation?
Accounting
Accrual Principle
AS 15 Employee Benefits
Mandatory for All
Actuarial Valuation PUC method (Para 49,65)
Provision if carry forward of leave allowed
Taxation
Allowed on Payment basis
Contribution to Group Leave policy, No tax benefit
Audit
SA 620 refers to using work of Actuaries
All AS 15 implementation maximum deficiency as per FRRB
