02
Jan
2024
Actuarial Valuation: Do Employers Really Need It for Gratuity?
Actuarial valuation for gratuity is not just a numerical exercise; it’s a strategic compass that helps employers in overcoming the complexities of employee benefits. While not always mandatory, its significance is profound. But how is gratuity valued in India? Well …
02
Jan
2024
What Is The Latest Rule of Gratuity?
As we approach the close of 2023, the spotlight falls on the pivotal realm of employment benefits, particularly gratuity. The freshly introduced rules for gratuity valuation in 2023 carry profound implications for employees at large. These regulations are poised to …
02
Jan
2024
Gratuity Formula Decoded: Finding the Right Equation for Your Business
Gratuity, a nuanced component of employee compensation, plays a vital role in recognizing and appreciating an individual’s dedication to an organization. Here, Mithras Consultants has brought a clear assessment of gratuity for employees and wholesome details about it. Let us …
02
Jan
2024
Beyond the Basics: Advanced Techniques in Gratuity Valuation Calculation
Gratuity is a crucial component in employee compensation. It’s a form of appreciation for the service rendered, typically paid at retirement or after a long period of employment. Understanding the nuances of gratuity valuation calculation is vital for both employers …
24
Aug
2023
Gratuity Benefits- The Role in Ensuring Fair Employee Departures
Employee retirement and departure is often tinged with both excitement and nostalgia. It necessitates a careful consideration of the financial aspects that accompany such farewells. The concept of actuarial valuation emerges as a crucial underpinning to ensure that the exit …
24
Aug
2023
Beyond Premiums: The Value of Advice from a Life Insurance Consultant
Financial planning is not just a phrase, it’s a lot more than that. Individuals encounter a multitude of decisions that can shape their own future and the future of their loved ones. Among these pivotal choices, the selection of the …
24
Aug
2023
Top 20 Factors Influencing Gratuity Valuation in Different Industries
Gratuity, a crucial component of employee benefits, holds a significant place in ensuring the financial security of employees upon their retirement or resignation. However, gratuity valuation varies across industries due to a multitude of factors that shape the compensation structures, …
24
Aug
2023
Impact of AS 15 (R) on Financial Statements – Analyzing Reporting Changes
The world of accounting is dynamic, with constant updates and revisions to standards to ensure transparency and accuracy in financial reporting. One such standard that has significant implications for financial statements is AS 15 (R). AS 15 (Revised) is a …
24
Aug
2023
How Does IND AS 19 Impact Employee Benefits Accounting?
In the ever-evolving landscape of accounting standards, IND AS 19 emerges as a significant player, especially when it comes to the realm of employee benefits accounting. This standard, formulated by the Institute of Chartered Accountants of India (ICAI), focuses on …
27
Jul
2023
Insights on Actuarial gain or loss.
When we perform an actuarial valuation of defined benefit obligation such as gratuity and leave encashment, a movement of liabilities and plan assets is analyzed over a period of valuation. One balancing item of actuarial gain and loss arises in …
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