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nagendra-ledger
As per Gratuity Act, 1972 the maximum amount payable is INR 20 lakhs. If a company decides to pay a higher amount as gratuity and puts the fact in the trust-deed, will IT dept approve the deed?
From India, Bengaluru
vmlakshminarayanan
929

Hi, Gratuity as per payment of Gratuity Act , the maximum payment ceiling is Twenty Lakhs which will be tax free. Any amount paid over and above Twenty Lakhs will be subjected to Income Tax.
From India, Madras
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