Login

Post on Medial

CA Dipika Pathak

Stealth • 7m

Attention, Companies! 🔉 It's crucial to ensure the proper booking of Gratuity provisions in your books. Today, let's delve into the topic of Applicability. The Payment of Gratuity Act, 1972 extends its provisions to employees working in factories, mines, oilfields, plantations, ports, railway companies, shops, and other establishments with 10 or more employees. Gratuity is extended to employees who have rendered at least five years of continuous service within a company. In the upcoming days, we will delve into various aspects including methods of payment, timing of payments, exemptions, and more. Stay tuned for comprehensive insights on these crucial aspects of Gratuity provisions. Remember, actuarial valuations are mandatory at the conclusion of each accounting period to facilitate the preparation of accurate financial statements.

0 replies6 likes

More like this

Recommendations from Medial

Image Description

CA Dipika Pathak

Stealth • 7m

#2nd part The Payment of Gratuity Act, 1972 !First part posted on 10-Apr-2024 Gratuity is given to employees who have rendered at least five years continuous  service within a company. In simple terms, an employee is considered to be in continuous

See More
1 replies4 likes
1
Anonymous

Anonymous

Stealth • 4m

The first employees team of the Coca-Cola Company in Atlanta (1892)

0 replies2 likes
Image Description

Suraj

Stealth • 7m

Dear All, Since I told you that I am a CEO of a stealth org who is currently making polices for equity/RSU/ESPP/401K grants for the employees, What all considerations besides the following intuitive ones should be incorporated in the umbrella org to

See More
2 replies6 likes
Image Description
Image Description

Vikas Acharya

Stealth • 4m

Hi finance folks !! I want to know about the financial aspects of the startup, anyone interested in educating please reply with useful resources.

3 replies6 likes
Image Description
Image Description

Mr Z

Stealth • 6m

One interesting fact- employees are paid salary firstly in the starting of the month , and owners will get money which is leftover after paying salaries to employees and after paying all the taxes, interests etc. And still after that owners are rich

See More
3 replies8 likes

Vedant SD

Stealth • 5m

Day 21: Decoding Startup Funding in Bangalore: A Deep Dive Content: Securing funding is crucial for any startup's growth. Let's delve deeper into the Bangalore startup funding landscape: * Understanding Investment Stages: Seed funding, angel

See More
0 replies8 likes

Prakriti Khandekar

Stealth • 4m

Hey guys! Do you agree as a designer (or if you can relate) that design should have the ability to let the viewer automatically delve into the deepness of its genre in their subconscious... Hope AI could understand that...

0 replies4 likes

SIDDANTH Rolli

Stealth • 6m

One of the Best Sales Advice "Volume Begets Luck" This Does not only Apply to Sales but also on other Aspects of Your Startups or Business.

0 replies3 likes
Anonymous

Anonymous

Stealth • 4m

The National Company Law Tribunal (NCLT) has instructed Byju's to pay salaries regardless of the edtech company's access to the funds raised through its rights issue and warned of an audit if employees are not paid. "You are a company that is funct

See More
0 replies5 likes
Anonymous
Image Description
Image Description

Anonymous

Stealth • 10m

FR FR. My office had such old employees, I felt out of place all the tIme.

3 replies13 likes

Download the medial app to read full posts, comements and news.