Employee benefits accounting requires recognition of liabilities and expenses under Ind AS 19, with valuation, classification and disclosure rules. Ind AS 19 requires recognition of a liability when employees render service that creates future benefit obligations and recognition of an expense when the entity consumes that service. Benefits are classified as short term, post employment, other long term or termination. Defined contribution plans are accounted as fixed contributions payable; defined benefit plans are measured by the projected unit credit method, discounted at market yields consistent with currency and term, netted with fair value of plan assets and limited by an asset ceiling. Components-service cost, past service cost, net interest-are recognised in profit or loss; remeasurements are recognised in other comprehensive income. Extensive disclosures and actuarial assumption guidance are required.