18
Nov
2024
Actuarial Valuation of End-of-Service Benefit: An In-Depth Guide for Businesses
Actuarial valuation of end-of-service benefits is essential for businesses managing employee obligations. As companies grow, many times, they face obligations related to retirement benefits,..
18
Nov
2024
Difference Between AS 15 R and IND AS 19 in Leave Encashment Actuarial Valuation
Actuarial valuation of leave encashment is essential for businesses to accurately assess and record employee leave liabilities. In India, AS 15 (Revised) and IND AS 19 are two primary standards…
18
Nov
2024
Opportunities for Actuarial Consultants with the Introduction of Old Pension Scheme (OPS)
The re-introduction of the Old Pension Scheme (OPS) has sparked conversations and opportunities within the financial sector. For actuarial consultants, the Old Pension Scheme offers promising new…
18
Nov
2024
Comparison of National Pension Scheme (NPS) and Old Pension Scheme (OPS)
Pension schemes play a vital role in securing financial stability after retirement. Both the National Pension Scheme (NPS) and the Old Pension Scheme (OPS) have been prominent retirement…
18
Nov
2024
Consideration of Key Assumptions in Actuarial Valuation of Gratuity, End of Service Benefit, and Leave Encashment
Actuarial valuations play a crucial role in managing employee benefits like gratuity, end of service benefit, and leave encashment. Organizations need to understand the financial…
18
Nov
2024
New UAE Labor Law About End of Service Benefit
The new UAE Labor Law brings significant changes to the end of service benefits for employees. Organizations must understand these new provisions to remain compliant and align their policies…
17
Oct
2024
Different Types of EOSB Benefits in Saudi Arabia
Understanding employee benefits is crucial for both employers and employees. In Saudi Arabia, the End of Service Benefit (EOSB) is a significant part of the employment package. It ensures that employees receive fair compensation when their service ends. This benefit …
17
Oct
2024
Change in Gratuity Ceiling for Central Government Employees
Gratuity is an important financial benefit for employees, especially those working in government sectors. The recent announcement about the change in the gratuity ceiling for Central Government employees marks a significant shift. This change is aimed at benefiting a large …
17
Oct
2024
How Does Gratuity Insurance Work in India?
Gratuity is a lump-sum payment given by employers to employees as a token of appreciation for their service. In India, it’s a statutory benefit mandated by law. Gratuity insurance helps employers manage this financial obligation efficiently. It ensures that when …
17
Oct
2024
Is Leave Encashment Liability Taxable?
Leave encashment is an important financial consideration for employees and employers. It allows employees to receive compensation for unused leaves. However, the tax implications of leave encashment can sometimes be confusing. Is leave encashment taxable? And if so, under what …
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