Reg. Gratuity - Employee Management

Hi.
Some additions to your post:
1) In case of death the amount can be paid, irrelevant to the tenure of the employee.
2) Again the amount can be seized or forfeit in case of serious misbehaviour by the employee.
Sandeep

Dear Mr.Agrawal
Please see section 4 of the Payment of Gratuity Act. Gratuity can be forfeited(this is the term used in the section) for the reasons specified in that section. Gratuity cannot be forfeited for any other reason.
With regards

just a small correction sir....
Max ceiling is raised to 10lkhs..
and there is no maximum limit, its just that above 10lkhs it will be taxed..

Dear Mr.Soumik Mukherjee
The employer, if he is gracious enough can pay any amount as gratuity exceeding Rs.10 lakhs. The fact is that under the Payment of Gratuity Act the employer cannot be compelled to make make payment of more than Rs.10 lakhs as gratuity. Authorities appointed under the Payment of Gratuity Act to decide disputed claims do not have the authority or power to award more than Rs.10 lakhs as gratuity.
With regards