gratuity

This query is : Resolved 

23 July 2009 How to calculate and make provision for gratuity for every f.y year? and whats it effect in computation of income?

24 July 2009 Calculation for Gratuity for pvt.co.

Basic salary * total working year*15/26

Gratuity dr
To Provision for Gratuity

Have to pay tax on this provision or disallow this provision



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