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CA Dipika Pathak

Stealth • 6m

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.

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

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

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