Gratuity Act Payment Limit: Has It Really Increased to Rs. 20 Lakhs? Let's Discuss the Latest Updates

madhuconpcl

Please provide the specified maximum limit of payment to employees under the Gratuity Act. I am told that it has been raised to a limit of Rs. 20 Lakhs. Please elaborate on the details as well as the latest updates under the gratuity.

Thank you.

HR_learning2006

As per The Payment of Gratuity Act, the maximum limit (current amendment) of Gratuity Payable is Rs. 20 lakhs. However, the Employer is free to pay any amount above that as per his will and wish.

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