Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 283

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 8
Chunk 283
---
 As at 
    December 31,
 2024  
    March 31,
 2024 
  
    Current 

    Gratuity 
    $78,460  
    $93,967 
  
    Compensated absences 
     68,516  
     89,688 

    $146,976  
    $183,655 
  
    Non-current 

    Gratuity 
    $200,148  
    $258,524 
  
    Compensated absences 
     145,708  
     232,925 
  
    Other statutory dues 
     2,074  
     - 

    $347,930  
    $491,449 

40

ZOOMCAR HOLDINGS, INC.

NOTES TO CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS (UNAUDITED)

    28
    Employee benefit plans (unfunded) (Continued)

I.Gratuity

    Three months ended 
December 31,  
    Nine months ended 
December 31, 

    2024  
    2023  
    2024  
    2023 
  
    Changes in projected benefit obligation (PBO) 

    PBO at the beginning of the year 
    $291,569  
    $347,647  
    $352,492  
    $286,713 
  
    Service cost 
     15,629  
     20,975  
     50,152  
     71,084 
  
    Interest cost 
     3,891  
     3,748  
     13,867  
     13,541 
  
    Actuarial loss/ (gain) 
     12,118  
     17,989  
     54,353  
     61,594 
  
    Benefits paid 
     (38,337) 
     (39,713) 
     (184,366) 
     (78,390)
  
    Effect of exchange rate changes 
     (6,261) 
     (230) 
     (7,889) 
     (4,126)
  
    PBO at the end of the period 
    $278,609  
    $350,416  
    $278,609  
    $