Employee benifits under as 15

Dear Vinayak ,

Requirement and Procedure to verify AS-15 compliance is as follows:-

1.Check the data send by company to actuary/ LIC. In which you need to verify age and salary of employees

2.Check assumption taken by LIC regarding discount rate , Employee  Turnover and salary increment rate

3.You can take basis of LIC report submitted at the end of fy 14-15 for provision of fy14-15.