Gratuity & leave encashment

This query is : Resolved

Amol Gadekar (Querist)
Follow

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

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

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

Amol Gadekar

Amol Gadekar (Querist)
Follow

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?

Amol Gadekar

Amol Gadekar (Querist)
Follow

20 February 2014 Suppose i want to Make Provision For F.Y.2008-09 then?

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

20 February 2014 for accounting for provision for gratuity you need to do acturial valuation. So let the actuary do that.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

27 February 2014 Also refer AS 15 ON THIS matter.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

office docs

Sasidhar B

ABHISHEK AGRAWAL

Akhila Ajayan

RATI MALU

Subscribe Now

Gratuity & leave encashment

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA