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CA Dipika Pathak

Stealth • 9m

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

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CA Dipika Pathak

Stealth • 9m

#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

with more than 10 employs

10 or more employees

with more than 20 emp

20 or more employees

Votes: 10

1 replies4 likes

Anonymous

Stealth • 6m

White slaves on the plantations of Barbados Light-skinned slaves were cheaper than dark-skinned slaves because they were considered less hardy and docile. Now Indian slaves are cheeper than white slaves

0 replies7 likes

Naman Kapoor

Stealth • 4d

ESOPs are a form of employee benefit that grants workers ownership in the company through allocated shares, aligning their interests with the organization's growth. These plans are crucial as they: 1. Boost Motivation: Employees feel more invested i

1 replies17 likes

Anonymous

Stealth • 6m

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

0 replies2 likes

Suraj

Stealth • 9m

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

2 replies6 likes

Vikas Acharya

Stealth • 7m

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

Vivek kumar

Stealth • 14d

baki ke strugle karo Government announces 8th Pay Commission for central government employees The Commission has been set up to revise salaries of central government employees and allowances of pensioners

0 replies3 likes

Vedant SD

Stealth • 7m

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

0 replies8 likes

Vishu Bheda

Stealth • 9m

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

3 replies8 likes

Prakriti Khandekar

Stealth • 7m

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