Provision for Gratuity
This query is : Resolved
17 June 2010
On what basis Gratuity must be calculated and provided in books of accounts? What areas have to be seen while making the provision for gratuity? Is der any ceiling limit for gratuity to be provided per employee?
17 June 2010
There is no monetary cieling limit for calculation of gratuity or making provision for the same in the books.
17 June 2010
for detailed anaylsis for provision for gratuity. Please read AS-15 issued by ICAI.
https://www.icai.org/resource_file/102451354-1400.pdf
https://www.icai.org/resource_file/102451354-1400.pdf
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