Certified actuarial reports for your gratuity liability — compliant with Indian and international accounting standards, delivered by Fellows of the Institute of Actuaries.
Gratuity is a defined benefit obligation under the Payment of Gratuity Act, 1972, payable to employees upon retirement, resignation, or death after five years of continuous service. Every Indian company is legally required to recognise this liability in its financial statements.
Under Ind AS 19 (Indian accounting standards) and AS 15(R) (Companies Act), the gratuity liability must be determined using the Projected Unit Credit Method (PUCM) — a certified actuarial technique that accounts for future salary escalation, employee attrition, mortality, and a discount rate based on government bond yields.
Failure to obtain a proper actuarial certificate can result in audit qualifications, regulatory non-compliance, and inaccurate financial reporting — exposing your organisation to significant risk.
We provide a simple template for employee data — date of joining, date of birth, current salary, and designation. You share the data; we handle the rest.
Our fellows apply the Projected Unit Credit Method (PUCM), incorporating salary escalation rates, attrition assumptions, mortality tables, and the prevailing discount rate.
You receive a fully certified actuarial report — ready to submit to your statutory auditor — including Defined Benefit Obligation (DBO), service cost, interest cost, and OCI disclosures.
We provide actuarial reconciliation between opening and closing balances and offer direct support to auditors for any queries on our assumptions.
Reports can be prepared simultaneously under Ind AS 19, IAS 19, AS 15(R), and US GAAP — ideal for companies reporting to multiple stakeholders.
With 52+ years of experience, we deliver accurate reports quickly — typically within 5–7 working days of receiving complete employee data.
Charan Gupta Consultants (CGC) has been India's leading actuarial consultancy since 1972 — over five decades of unbroken expertise in employee benefits valuation. Our principals are Fellows of the Institute of Actuaries of India (FIAI) and Associate Members of the Institute and Faculty of Actuaries, UK.
We have served 4,000+ organisations across India, the Middle East, Sri Lanka, Nepal, Thailand, Singapore, and Africa — from listed MNCs to PSUs, leading hospitals, premier educational institutions, and SMEs.
Every report carries the certification of a qualified actuary, giving your statutory auditors complete confidence in the numbers.
Send us your employee data and receive a fully certified actuarial report within 5–7 working days.