Amal Ltd 2020-21

149 Funded schemes a) Defined contribution plans: Gratuity The gratuity fund is maintained with the Life Insurance Corporation of India under Group Gratuity scheme. ( ` lakhs ) Particulars Present value of obligation Fair value of plan assets Net amount As at March 31, 2019 liability | (asset) 6.60 (15.80) (9.20) Current service cost 1.01 - 1.01 Interest expense | (income) 0.49 (1.18) (0.69) Total (income) | expense recognised in Consolidated profit and loss 1.50 (1.18) 0.32 Remeasurement (Gain) | loss from change in financial assumptions 0.28 - 0.28 Return on plan assets, excluding amount included in interest expense (0.09) 0.05 (0.04) Experience (gain) (0.31) - (0.31) Total (income) | expense recognised in other comprehensive income (0.12) 0.05 (0.07) Employer contributions - (1.09) (1.09) Benefits paid (0.23) 0.23 - As at March 31, 2020 liability | (asset) 7.75 (17.79) (10.04) Current service cost 1.14 - 1.14 Interest expense | (income) 0.50 (1.14) (0.64) Total (income) | expense recognised in Consolidated profit and loss 1.64 (1.14) 0.50 Remeasurement (Gain) | loss from change in financial assumptions (0.59) - (0.59) Return on plan assets, excluding amount included in interest expense 0.87 0.29 1.16 Experience (gain) 0.31 - 0.31 Total (income) | expense recognised in other comprehensive income 0.59 0.29 0.88 Employer contributions - (0.12) (0.12) Liability for employee transferred 4.08 - 4.08 Benefits paid (5.03) 5.03 - As at March 31, 2021 liability | (asset) 9.03 (13.73) (4.70) Note 25.5 Employee benefit obligations