02
Jul
2026
Labour Codes and Long-Term Employee Benefits: Preparing Businesses for the Next Phase of Compliance
Labour Codes have moved from discussion papers into working law, and every Indian employer now feels the weight of that change. From 21 November 2025, four codes replaced 29 older labour laws across the country. The shift touches wages, social …
02
Jul
2026
Gratuity Compliance After Labour Code Reforms: A Guide for HR and Finance Teams
Gratuity compliance in India changed permanently on 21 November 2025. The Government of India notified all four Labour Codes into force, including the Code on Social Security, 2020, replacing laws that had governed the workplace for over five decades. Every …
27
May
2026
AS15R vs IND AS 19 Treatment of Expense in Leave Encashment Valuation
A finance head closes the books. The HR team confirms leave balances. Then one line in the employee benefit report changes the company’s profit position. That moment often begins the discussion around AS15R and IND AS 19. At Mithras Consultants, …
27
May
2026
Why the New Wage Definition May Increase Gratuity Liability
Most finance directors in India have seen their gratuity provisions sit unchanged for years. The numbers looked stable. The calculations followed the same logic. Then the Code on Wages, 2019 arrived, and the entire basis of what counts as “wages” …
16
Jan
2026
How Actuarial Valuation Impacts Long-Term Employee Benefit Planning
How Actuarial Valuation Impacts Long-Term Employee Benefit Planning Employee benefits are often discussed in terms of policies and payouts. But in reality, they are long-term promises—promises that stretch across years of service, salary changes, and workforce growth. For organisations that …
16
Jan
2026
Gratuity Valuation vs. Provisioning: Are Companies Getting It Right?
Gratuity Valuation vs. Provisioning: Are Companies Getting It Right? For growing organisations, employee benefits can be one of the trickiest areas to manage. Among these, gratuity often creates confusion. Many companies know they need to account for it, but how …
16
Jan
2026
Why Gratuity Valuation Is a Critical Financial Exercise for Growing Organisations
Growth is exciting. New hires, expanding teams, better revenues, bigger ambitions. But behind every growing organisation is a quieter responsibility, planning today for obligations that will mature tomorrow. One such obligation that many businesses underestimate until it becomes unavoidable is …
27
Jul
2024
Adaptability of IND AS 19
The International Financial Reporting Standards is a prevalent global framework that has changed the landscape of finances worldwide…
17
Jun
2024
Component of Expense recognised in Profit and loss account – AS 15 R versus IND AS 19
For businesses in India, accounting for employee benefits is a crucial aspect. These benefits, such as gratuity…
26
Feb
2024
Applicability of IND AS 19 on Gratuity Valuation
Gratuity Valuation is a crucial aspect of financial planning for businesses. It represents the future liability a company incurs towards…
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