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.
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
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