Provision for gratuity
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 November 2009
Dears
One of my clients want to make provision for gratuity beginning from 2005 onwards. The audit for 2005 is going on. so They wants to know for calculating the provision for the year 2005 whether they can take the present salary (2009) instead of 2005 as base.
Please advise me
One of my clients want to make provision for gratuity beginning from 2005 onwards. The audit for 2005 is going on. so They wants to know for calculating the provision for the year 2005 whether they can take the present salary (2009) instead of 2005 as base.
Please advise me
03 November 2009
In my views if you are making provision for 2005 you should calculate grtuity on basic salary+da end of the yr 2005.
03 November 2009
Agree with expert otherwise the provision will be overstated assuming salary has been increased from 2005 to 2009.
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 November 2009
Thanks
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