Articles by Tikaram Chaudhary

How Companies Can Save Tax upto 32.50% by Formation of Gratuity Fund under Irrevocable Trust?

Tikaram Chaudhary 11 November 2025 at 06:42

Indian and multinational companies can save up to 32.5% in taxes by creating a CIT-approved gratuity fund under an irrevocable trust, as per Sections 36(1)(v) and 10(25)(iv) of the Income Tax Act, 1961. Without such a trust, gratuity provisions are disallowed under Section 40(a)(7)

How to prepare Employees Data and Inputs for Actuarial Valuations in compliance of IndAS 19 & AS 15R for Employee Benefit Plans

Tikaram Chaudhary 24 May 2023 at 08:54

This article is prepared to help the company officials (I.E. HR, Accountant, Finance Managers, & Company Secretary) involved in preparation of Actuarial Inputs for Actuarial Valuations in compliance of AS 15 (Revised 2005) & IndAS 19 to understands various technical points while preparing the Inputs.

How CA, CS, Auditors and Directors can identify compliance of Legal and Accounting Provisions of Gratuity?

Tikaram Chaudhary 21 December 2022 at 17:12

How CA, CS, Auditors and Directors can identify compliance of Legal and Accounting Provisions of Gratuity applicable on Private Schools, Private Colleges, Autonomous Bodies, NGO's, Societies & Indian/Multinational Private Companies?

Applicability of Ind AS 19 on NBFCs, Banks and Insurance Companies

Tikaram Chaudhary 10 November 2022 at 08:56

This Article is an attempt to describe about requirement of Actuarial Valuations for compliance of Indian Accounting Standard 19 - IndAS 19 by Indian Listed Companies, NBFC's & Banks.

Difference between Statutory provisions & The Social Security Code 2020 to be effective from 1st April 2021

Tikaram Chaudhary 25 February 2021 at 09:58

This article is an attempt to elaborate the difference between Statutory provisions applicable to Companies under Existing Payment of Gratuity Act 1972 (Amended) & The Social Security Code 2020 effective from 01.04.2021.

Requirement Actuarial Valuation for Accounting of Gratuity Benefits in IndAS 19 & AS 15 ?

Tikaram Chaudhary 27 June 2020 at 10:32

Why of Actuarial Valuation is required for Accounting of Gratuity Benefits in compliance of IndAS19 & AS 15 (Revised 2005) by Indian Public, Private and Multinational Companies ?

Applicability of Gratuity Act on teachers

Tikaram Chaudhary 24 February 2020 at 10:29

This article is prepared to create awareness among-st CA's, Accounting/Finance Personnel & Management of Schools about Supreme Court Judgment dated 07.03.2019 about Eligibility of Teachers in Schools for Gratuity Benefits under the 'Payment of Gratuity Act 1972'.

Components of Actuarial Valuation Reports required in compliance for IAS 19

Tikaram Chaudhary 26 December 2019 at 10:16

This article is an attempt to describe about requirement of Actuarial Valuations for compliance of International Accounting Standard 19 - IAS 19 by Indian MNC&#..

Why Actuarial Services are required by Companies for Accounting for Defined Benefit Plans?

Tikaram Chaudhary 23 December 2019 at 10:08

This article is prepared to create general awareness about requirement of Actuarial Services for Accounting for Defined Benefit Plans & Components of Actuarial Valuation Reports amongst Professionals/Company Personnel involved in Finalization of Financial Statements.

Know all the benefits of approved gratuity trust

Tikaram Chaudhary 06 December 2019 at 10:13

This article is attempt to give more clarity about the Gratuity Benefits, Factors increasing the quantum of Gratuity Benefits Exponentially and Benefits of Compulsory Insurance/Approved Gratuity Trust for Gratuity Benefits of Employees for Companies with Employee Strength 10 or More.