Dear All
Number of companies are presentative gratuity calculations in the given below format-
Is it mandatory to present in that format
Ours is nonlisted closelyheld company-The auditor is insisting on to present in that manner whereas we are not
able the get the data in that form from LIC-We are making provisions in that accounts on accrual basis as per LIC calculations only-
Pl advise us
regards
joseph david
| Change in Defined obligation |
| Obligation at the beginning of the year |
| Interest cost |
| Current Service cost |
| Benefits paid |
| Actuarial (gain)/loss in obligations |
| Obligation at year end |
| Rupees in lacs |
| Change in Fair value of plan assets As at |
| Fair value of planned assets at the beginning of the year |
| Expected return on the plan assets |
| Contributions by the employer |
| Benefits paid |
| Actuarial gain/(loss)on plan assets |
| Fair value of planned assets at year end |
| Rupees in lacs |
| Reconciliation or Present Value of the obligation and the Fair value of the plan Assets |
| Liability at year end |
| Fair value of plan assets at year end |
| Liability recognized in the balance sheet |
| Assumptions As at Mar 31, 2008 |
| Discount Rate |
| Expected Rate of Return on Plan Assets |
| Salary Escalation Rate |
| With respect to leave encashment, liability recognized in the balance sheet as on March 31, 2008 is Rs………………lacs. |
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