Gratuity & leave encashment
This query is : Resolved
20 February 2014
How Do I Calculate Gratuty For LAst Five Years( last Drawn Salary means for That Year or Current year's)B'coz i calculate Provisions for last five years for both Gratuity & L.E.?
Pls Sugest Me
Pls Sugest Me
20 February 2014
for gratuity, please refer
https://taxguru.in/income-tax/tax-treatment-of-gratuity-under-the-income-tax-act-1961.html
for leave encashment
https://www.simpletaxindia.net/2009/01/leave-salary-encashment-exemption.html
https://taxguru.in/income-tax/tax-treatment-of-gratuity-under-the-income-tax-act-1961.html
for leave encashment
https://www.simpletaxindia.net/2009/01/leave-salary-encashment-exemption.html
20 February 2014
Sir We have to pass Last five years Provision for IPO Purpose then Which salary Has to be take.(Last drawn Salary) For Gratuity?
20 February 2014
Suppose i want to Make Provision For F.Y.2008-09 then?
20 February 2014
for accounting for provision for gratuity you need to do acturial valuation. So let the actuary do that.
27 February 2014
Also refer AS 15 ON THIS matter.
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