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Calculation Of Grautity Propvision For The Year Ended 31st - CiteHR

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hosmath
Can some one help to calaculate the gratuity provision for the year ended 31st march which is to account in balance sheet.
whether have to take 31st march onroll or only who are completed 5 yrs. of service and also i need calcuation method.
Thanks
hosmath

From India, Bangalore
Raj Meritech
5

Dear, Gratuity will be payable after 5 years of completion of job. the method is (last wages drawn by employee/26*15*total years of job in organization). Regards, Raj
From India, Gurgaon
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