In case a company not following payment of gratuity act and instead pays the gratuity to its employees as part of CTC as and when the employee leaves the organization , whether the actuarial valuation is required or not. Company is not funding the gratuity liability also and creates the provision for liability in the books as per internal calculations. It may be noted that as per AS-15 the company falls under one of the category of the company where the valuation is mandatory. We are getting different views on this , can any one suggest.
From India, Mumbai
From India, Mumbai
You should get the actuarial valuation done so as to have the correct provision of liability in the books
From India, New Delhi
117From India, New Delhi
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