May I know the maximum limit set for payment of gratuity,is there any latest amendments, if any from when it was effective?
From India, Bangalore
From India, Bangalore
Hi, Earlier it was upto 3.5L, now it is 10L (max) one can give gratuity( basing on tenure) . Please correct me if any one finds it to be a wrong info. provided.
From India, Hyderabad
From India, Hyderabad
Dear Rasmiranjan Mohapatra,
From 24.5.2010 onwards, the maximum limit of gratuity is Rs. 10,00,000. However if the employer wish, he can pay in excess. But income tax exemption will be upto Rs. 10,00,000.
Abbas.P.S
From India, Bangalore
517From 24.5.2010 onwards, the maximum limit of gratuity is Rs. 10,00,000. However if the employer wish, he can pay in excess. But income tax exemption will be upto Rs. 10,00,000.
Abbas.P.S
From India, Bangalore
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Gratuity Amendment-Press Information Bureau.docx
Payment of Gratuity Amendment Bill 2010.pdf