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Economy / The Economic Times

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Higher gratuity liability due to labour codes must be treated as expense: ICAI

The gratuity liability is expected to rise, as the new labour codes have redefined wages and eased the eligibility for such a benefit for fixed-term workers, including the contractual ones. This liability, the ICAI said, needs to be recognised in interim financial statements/results of companies for the December quarter, in sync with relevant accounting requirements.

28 Dec 2025 11:40 pm