Gratuity Reversal
This query is : Resolved
25 April 2024
HI All, We have provisioned gratuity to follow the rule for provision of gratuity for all employees employed till the end of year.Now as per provision of gratuity we have to pay for full service of 5 years. My question is if an employee left the Company before completion of 5 years then under which section the Company can reverse the gratuity. Thanks in advance
26 April 2024
No need for any reversal, calculate the year end accrued liability and provide it will take care of such reversal.
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