Gratuity Limit
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Gratuity Limit

Surander Started The Discussion:

Hi All, What is the maximum limit of gratuity if excess 3.5 lac can any one provided me link or rules. Regards, Surrender negi

Gopikishan - Member Since: Jul 2007
Question is not clear, however, i would still try to answer. The tax limit for gratuity is calculated as minimum of the following heads:

1. 15 days' salary, based on the last drawn salary, for each completed year of service

2. Rs. 3,50,000/-; or

3. The gratuity actually received.

Based on this you can probably suggest employees and create your reference.

The minimum period served should not be less than 5 years. You can relax this 5 year period though only as an employee friendly policy and you will not be found in contravention to the law.

Also please follow the minimum gratuity percentage to be kept aside from employee salary and employer's contribution to the same.

atharhashmi - Member Since: Dec 2007
Hi All, Last drawn full gross salary, for each completed year of service the gratuity actually become mature. There is no limitations for that. Regard, Athar Hashmi

prakash.1974.joshi - Member Since: Nov 2008
After complition of 5 years of services then only you will entitled to get the benefit of Gratuity subject to complete 240 day in a year.

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