abhishreshthaa
Abhijeet S
Retirement / Post Retirement Benefits
Contributions to defined contribution schemes such as Provident Fund and Family Pension Fund are charged to the profit and loss account as incurred.
The Companies also provide retirement / postretirement benefits in the form of gratuity, pensions, leave encashment and medical.
Such benefits are provided for based on valuations, as at the balance sheet date, made by independent actuaries.
Contributions to defined contribution schemes such as Provident Fund and Family Pension Fund are charged to the profit and loss account as incurred.
The Companies also provide retirement / postretirement benefits in the form of gratuity, pensions, leave encashment and medical.
Such benefits are provided for based on valuations, as at the balance sheet date, made by independent actuaries.