Provision for Gratuity
This query is : Resolved
shantilal jain
(Querist)
20 September 2010
Dear Sir,
I have a question. Sir in a pvt ltd co. there are 105 employees. For gratuity
1.How to calculate the amt of provision?
2.Amount calculated by valuer as 836282/- for the year ended 31.03.2010
3.Co. made the payment of rs.500000/- in this year.
4. On 31.03.2010 what should be the entry required to be passed?
Pls suggest us as soon as possible.
thanks in advance.
I have a question. Sir in a pvt ltd co. there are 105 employees. For gratuity
1.How to calculate the amt of provision?
2.Amount calculated by valuer as 836282/- for the year ended 31.03.2010
3.Co. made the payment of rs.500000/- in this year.
4. On 31.03.2010 what should be the entry required to be passed?
Pls suggest us as soon as possible.
thanks in advance.
20 September 2010
on 31.3.10
PL A/c Dr 836282/-
To Provision For Gratuity Cr. 836282/-
No. on payment
Provision for Gratuity Dr. 500000/-
To Bank Cr. 500000/-
PL A/c Dr 836282/-
To Provision For Gratuity Cr. 836282/-
No. on payment
Provision for Gratuity Dr. 500000/-
To Bank Cr. 500000/-
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Form 144 TDS Return Validation Error – Mandatory Fields
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Applicability of tax on invoice
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Form 144 TDS Return Validation error
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Capital Gains Tax on Inherited Mutual Fund
- GSTR9 Annual Return
- Ito add credit side of bank
- Employee secondment
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
