How gratuity payable to employees is dependent upon the prevailing economic environment of the entity

2 answers

Ravi Staff October 6, 2017

it depends on prevailing economic environment “of the entity” words are not present
provision of gratuity is computed on present value basis of payments to made in future, that means interest rates are used to compute present values 
interest rates depends on economic environment
so gratuity depends on economic environment  

Audit Staff October 6, 2017

This is part of AS 15 EMPLOYEES BENEFIT EXPENSES. And sorry to include of the entity


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