Actuarial valuation holds great importance for Indian employees and employers. It ensures transparency and fairness in benefit schemes. Companies use actuarial valuation to estimate liabilities related to employee benefits like gratuity, pensions, and leave encashments. These valuations help organizations meet
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Actuarial valuation is a crucial tool for organizations managing their earned leave liabilities. Employers often face challenges estimating and accounting for these liabilities accurately. This process involves assessing the monetary impact of leave encashment and leave balances. Proper actuarial valuation
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