Gratuity Accounting Standard 15 GRATUITY is a type of employee benefit plan known as a Defined Benefits Obligation (DBO) Plan. Since The term ‘gratuity’ is derived from the word gratitude, and it refers to a thank you expressed by the
Continue ReadingAS15 R (Accounting Standard 15 Revised) AS15 R (i) short-term employee benefits such as wages; (ii) post-employment benefits such as gratuity; (iii) other long-term employee benefits such as sabbatical leave; and (iv) termination benefits. AS 15 was issued by ICAI
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What is Gratuity? When you work with dedication for a long period for an organization, you want your organization to repay you in some form. Gratuity is one method by which corporations recognize and reward the work and dedication of
Continue ReadingGet Detailed Valuation Services by Mithras Consultation Get Detailed Valuation Services by Mithras Consultation During the pandemic time there were many people who lost their jobs and some of them are still struggling with their professional life. Many of the
Continue ReadingEmployee Benefits Calculation by Mithras Consultancy Employee Benefits Calculation – Over the years, the most important factors for the searching job in companies are employee benefits, the second is salary. As per the survey, the high cost of healthcare and
Continue ReadingActuarial Valuation of Gratuity What is Gratuity? Actuarial Report for Gratuity – The valuation of leave encashment liability is combined with the valuation of gratuity liability. Actuaries have applied the same principles and technologies to the valuation of leave encashment
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