Employee Benefits (IAS 19) - Actuarial Society of India
Employee Benefits (IAS 19) - Actuarial Society of India
Employee Benefits (IAS 19) - Actuarial Society of India
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Example <strong>of</strong> Defined Contribution• A Company agrees to pay 8% <strong>of</strong> anemployee’s salary into a third party fund.• The company pays Rs10,000 pa for eachemployee into a third party fund followingeach year <strong>of</strong> service.• Contribution is fixed• The obligation on part <strong>of</strong> the employerceases on payment <strong>of</strong> contributionwww.carajkumarradukia.com 22