Hello all,
I just wanted to know whether the maximum limit for gratuity payment of 20 Lakhs has been increased to 25 Lakhs under the Gratuity Act. If it has been increased, could someone please provide me with the circular/notification related to that and also confirm if the exempted gratuity limit has been raised in the Income Tax Act.
Please provide the information.
Regards,
Vikesh Pal
From India, Delhi
Acknowledge(0)
Amend(0)
3I just wanted to know whether the maximum limit for gratuity payment of 20 Lakhs has been increased to 25 Lakhs under the Gratuity Act. If it has been increased, could someone please provide me with the circular/notification related to that and also confirm if the exempted gratuity limit has been raised in the Income Tax Act.
Please provide the information.
Regards,
Vikesh Pal
From India, Delhi
Acknowledge(0)Amend(0)Join Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Payment of Gratuity Act, 1972 & The Rules.ppt
Gen X Female Employees of the IT Sector.docx