Gratuity Actuarial Valuation | Kapadia Global

31/01/2020 Financial & Legal Services

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Gratuity is a statutory benefit payable to the employees by the companies. It is calculated as per the Payment of Gratuity Act, 1972. For companies, it is an open-ended liability and is calculated from the date of joining. The annual increase in the liability on gratuity increases for the company as the additional past service gratuity will increase with increased salary. Visit our website to know more!

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