Articles by Tikaram Chaudhary

History of Amendments to Payment of Gratuity Act

Tikaram Chaudhary 16 September 2019 at 11:06

When an employee leaves the service, employer rewards him for his accrued service in the organization. He does so by giving you a free lump sum of cash - called gratuity in financial parlance - on your exit. The amount that an employer gives is based on the number of years of service employee have put into the organization.

Requirement of Accounting and Funding Arrangement for Gratuity Benefits

Tikaram Chaudhary 13 September 2019 at 11:05

This article is an attempt to give clarity about requirement of Accounting and Funding Arrangement for Gratuity Benefits.

Steps for Formation of Gratuity Trust in a Company/Private School or MNC

Tikaram Chaudhary 09 September 2019 at 10:52

This article is an attempt to give a brief about the Steps involved in Formation of Trust for Gratuity Fund.

Accounting By Schools For Gratuity Benefit

Tikaram Chaudhary 28 August 2019 at 10:48

How Schools should do their accounting is explained by The Institute of Chartered Accountants of India in a guidance note GN(A) 21 (Issued 2005) Guidance Note on Accounting by Schools, here in after referred to as GN (A) 21.

Requirement of Gratuity Funding For Private Schools?

Tikaram Chaudhary 19 July 2019 at 12:05

The Payment of Gratuity (Amendment) Act 2018 provides Social Security to Teachers working in Educational institution (i.e. Private Schools) having 10 or more em..

Accounting of compensatory absences

Tikaram Chaudhary 13 July 2015 at 10:45

Accounting of Compensatory Absences (Leave Encashment Obligations) 1.This note is an attempt in the matter of accounting provisions to be made in financialreporting of enterprises for Compensatory Absences (Leave Encashment Obligations) in compliance

Requirement of Actuarial Valuation services in compliance of AS 15

Tikaram Chaudhary 09 July 2015 at 10:35

The article given below may help you to understand the requirement of actuarial valuation services in compliance of AS-15 (Revised 2005) under various employee benefits plans such as Gratuity, Leave Encashment , Pension, etc. :-Accounting & Discl

Observations in respect of employee benefits in compliance of Accounting Standard 15

Tikaram Chaudhary 24 June 2015 at 11:06

Observations in respect of Employee Benefits in compliance of Accounting Standard 15 made by The Institute of Chartered Accountants of India in their Journal �The Chartered Accountant�, issue of December 2012 on Page No. 999.�Non-Co