AS 15 · ICAIA clear, practical guide to AS 15 (Employee Benefits) under Indian GAAP: covering gratuity, leave encashment, and the role of actuarial valuation.What is AS 15?
Specialised Valuation.Actuarial Insight.Clear Decisions.
True Infinity Consultants brings together actuarial, financial and risk expertise to provide valuations across employee benefits, ESOPs, warranties, provisions and businesses.
Actuarial & Valuation Expertise
Combining actuarial, financial, risk and valuation expertise to bring a broader perspective to complex valuation requirements.
Accounting & Regulatory Insight
Valuations aligned with applicable accounting standards, regulatory requirements and local legislation across the jurisdictions we serve.
India & GCC Expertise
Specialised knowledge across India and the GCC, with experience spanning the requirements of multiple reporting jurisdictions.
Business & Financial Perspective
Looking beyond the valuation itself to understand its financial impact, business context and implications for decision-making.
WHAT WE DO / OUR SERVICES
Different Disciplines. One Connected Perspective.
Ind AS 19 • IAS 19 • AS 15 • ASC 71501
Employee Benefit Valuations
Valuations of gratuity, leave encashment and end-of-service benefits for businesses in India and the GCC.
- What we value
- Gratuity, leave encashment and GCC end-of-service benefits
- When you need it
- Annual financial reporting, mergers/acquisitions, or regulatory compliance.
- Why it's required
- Employee Benefits must be measured actuarially at every reporting date
- Turnaround
- 1-2 Working Days
SERVICE ATLAS
Find the standard that applies to your valuation
Every jurisdiction and obligation we cover, with the standard that governs each.
| EMPLOYEE BENEFITS | ESOPS | WARRANTIES & PROVISIONS | BUSINESS VALUATION | |
|---|---|---|---|---|
| INDIA | ||||
| GCC |
Select any cell for detail.
INDIAEMPLOYEE BENEFITS
Ind AS 19 · AS 15
Gratuity, leave encashment and pension obligations for Indian reporting entities.
See how we handle itOur Process
A structured approach to every engagement, from initial data to final deliverables.
01
Scope & Data
We confirm the reporting requirements, agree the valuation scope and validate the data.
02
Model & Value
We build and run the applicable models, apply the agreed assumptions and review the results for consistency.
03
Valuation Report
You receive a clear valuation report with the liability, cost, movements and disclosures required for financial reporting.
04
Review & Support
We explain the methodology and assumptions, address audit queries and support you through the reporting process.
05
Roll-Forward
We refresh the data, update assumptions where required and reconcile movements for a consistent reporting cycle.
Powered by Actumatrix
Valuation, Reimagined.
- 01Data Access
Your historical data is already available in one place, or you can securely upload your data if you’re a new client.
- 02Data Validation
Actumatrix automatically processes your data, runs validation checks and flags issues before they reach the valuation process.
- 03Draft Report
Once your data passes validation, Actumatrix generates a draft valuation report in as little as 15 minutes — ready for your review.
- 04Expert Review
Review your draft valuation report, raise any queries and approve it for finalisation.
- 05Final Report
Once approved, complete the payment and receive your signed final actuarial report.
Data Access
Across India & the GCC
Countries we serve
Specialised actuarial and business valuation services across India and all six GCC member states, combining local requirements with international reporting standards. Our team is based in India, with on-the-ground support in the UAE, Saudi Arabia, Qatar, Kuwait, Bahrain and Oman.
India01. India
United Arab Emirates02. United Arab Emirates
Saudi Arabia03. Saudi Arabia
Qatar04. Qatar
Kuwait05. Kuwait
Bahrain06. Bahrain
Oman07. Oman
IDEAS, INSIGHTS & IMPACT
Actuarial & Valuation Insights
Technical guidance, accounting updates, and actuarial analysis on employee benefits, ESOP option pricing, business valuations, and statutory compliance across India & the GCC.
19 articles
Ind AS 19 · MCAHow Ind AS 19 governs measurement and recognition of employee benefits like gratuity and pension, including OCI remeasurement and PUCM.What is Ind AS 19?
IAS 19 · IFRSA complete guide to IAS 19 for multi-jurisdictional and GCC reporting: defined benefit vs defined contribution, discount rates, and actuarial gains/losses in OCI.What is IAS 19?
AS 15 vs Ind AS 19A side-by-side comparison of AS 15 and Ind AS 19: actuarial gains/losses (P&L vs OCI), net interest approach, and balance sheet presentation.AS 15 vs Ind AS 19
Carve-Outs & ConvergenceDetailed analysis of convergence and carve-outs between Ind AS 19 and IAS 19, focusing on discount rate benchmarking (G-Sec vs corporate bonds).Ind AS 19 vs IAS 19
Roadmap & CriteriaDetermine whether your company must follow AS 15 or Ind AS 19 based on net worth thresholds, listing status, group structures, and NBFC rules.AS 15 vs Ind AS 19: Which One Applies?
Statutory GratuityEverything finance teams need to know about gratuity: statutory formula, 5-year vesting, wage definition, funding vs accounting, and actuarial liabilities.What is Gratuity?
Leave LiabilitiesAccounting for leave obligations: accumulating vs non-accumulating, vesting vs non-vesting leave, utilisation assumptions, and why P&L absorbs remeasurements.What is Leave Encashment?
PUCM MethodologyHow the Projected Unit Credit Method works: attributing benefits to service periods, discounting to present value, demographic decrement modelling, and auditor defense.What is the Projected Unit Credit Method (PUCM)?
Yield Curve MatchingHow the discount rate is derived: government bond yield curves vs corporate bonds, term matching to liability duration, sensitivity analysis, and P&L impact.What is Discount Rate?
ESOP Fair ValueMeasuring share-based payments: Black-Scholes-Merton model, binomial trees, volatility estimation, vesting conditions, and employee share purchase schemes.What is ESOP Valuation?
Warranty ReservingActuarial estimation of warranty obligations: claim frequency, severity, burn rates, product lifecycle modelling, and audit-defensible provisioning.What is Warranty Valuation?
Breakage & LoyaltyValuing customer loyalty obligations: standalone selling price allocation, historical breakage estimation, redemption curves, and deferred revenue accounting.What are Loyalty Points Valuation?
Social Security CodeHow the Social Security Code 2020 raises your Ind AS 19 gratuity liability: fixed-term pro-rata and the 50% wage rule. Get an impact estimate.What the Social Security Code, 2020 Does to Your Gratuity Liability
Resolution 96 / 2023How UAE Cabinet Resolution 96 of 2023 affects your end of service gratuity: defined benefit versus defined contribution and IAS 19 accounting.UAE Cabinet Resolution 96 of 2023 and the End of the EOSB Liability
FY26 BenchmarksEssential actuarial benchmark updates for FY26 reporting across India and the GCC: sovereign yield shifts, tech-sector attrition baselines, and audit defense.What Changed in FY26 Actuarial Guidance: Key Valuation Benchmarks
Saudi Article 84Analysis of Saudi Labor Law reforms on statutory end-of-service benefits: resignation tiers, contractual termination, and IAS 19 liability measurement.Saudi Labor Law Article 84 Amendments and Statutory EOSB Valuation
IFRS 2 / Ind AS 102How Black-Scholes, Binomial lattice, and Monte Carlo models impact P&L grant-date fair value and vesting expense under Ind AS 102 and IFRS 2.Managing ESOP Valuation Volatility under IFRS 2 and Ind AS 102
Audit QualificationsWhy simplified arithmetic accrual rules fail under AS 15, Ind AS 19, and IAS 19, and how the Projected Unit Credit Method prevents audit qualification.Why Auditors Reject Simplified Accrual Accounting for Gratuity
INDEPENDENT ACTUARIAL ADVISORY
Expertise Behind Every Valuation
A multidisciplinary practice combining accounting, valuation and actuarial expertise — with the credentials to advise across complex valuation requirements.
Client testimonials
CLIENT PERSPECTIVES
Trusted by the Teams We Advise
Hear from finance leaders and decision-makers who rely on us for technical expertise, responsive advice and clear valuation outcomes.
Very happy with Soham sir and his team's commitment. They made me understand what I was truly looking for with patience.
Very detail oriented and highly knowledgeable. The personalized, hand-held approach is what I truly appreciated. They go above and beyond to deeply invest themselves in the matter, and have a solution oriented approach.
Common questions
Frequently Asked Questions
Clear, technical answers on actuarial valuations, reporting standards, timelines and auditor coordination across India and the GCC.
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Independent Valuations. Trusted Advice.
Partner with Fellow Actuaries and IBBI Registered Valuers for technically sound valuations, clear reporting and expert support across employee benefits, ESOPs, warranties and business valuations in India and the GCC.
Actuarial Valuations
Gratuity Valuations
ESOP Option Pricing
Company Valuations
Warranty Provisions
Loyalty Valuations
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