https://www.taxtmi.com/acts?id=20019 Employee cost under Cost Accounting Standard 7 is measured with gross pay, allowances and employer-funded benefits, while excluding imputed costs, material abnormal costs, penalties, and specified prior-period items. Bonus, ex gratia, managerial remuneration, separation costs, idle time, subsidies and recoveries are treated according to defined measurement rules. Employee costs are assigned directly where traceable to a cost object, otherwise by suitable allocation methods, and are presented separately as direct costs or within overheads with prescribed disclosures. en-us Fri, 11 Sep 2015 17:44:06 +0530 Mon, 20 Apr 2026 16:59:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20019 Employee cost under Cost Accounting Standard 7 is measured with gross pay, allowances and employer-funded benefits, while excluding imputed costs, material abnormal costs, penalties, and specified prior-period items. Bonus, ex gratia, managerial remuneration, separation costs, idle time, subsidies and recoveries are treated according to defined measurement rules. Employee costs are assigned directly where traceable to a cost object, otherwise by suitable allocation methods, and are presented separately as direct costs or within overheads with prescribed disclosures. Act-Rules Companies Law Fri, 11 Sep 2015 17:44:06 +0530 https://www.taxtmi.com/acts?id=20019