Gratuity on enhanced limit

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C.A Alok Mukherjee (Querist)

08 May 2010 Dear all,

We understood as of now it is ready to be placed before the Parliament for needful amendment, keeping that view, what will be the stand to the Corporate while doing the actuarial valuation, would it be worth to recompute the valuation based on the enhanced limit. I have been informed that some Corporates are doing the valuation based on the reevised limit. I need the members to have a view on it.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

08 May 2010 Enhanced Gratuity limit already approved by the Parliment this week 5th May 2010

C.A Alok Mukherjee

C.A Alok Mukherjee (Querist)

08 May 2010 agreed, does it then require on the part of the Corporate to consider the acturial valuation on this basis or wait till the amendment of the Act?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

08 May 2010 they required to wait till the amendment come in to effect

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