May I know the maximum limit set for payment of gratuity,is there any latest amendments, if any from when it was effective?
From India, Bangalore
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From India, Bangalore
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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.
From India, Hyderabad
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From India, Hyderabad
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From 24.5.2010 onwards, the maximum limit of gratuity is Rs. 10,00,000. However, if the employer wishes, they can pay in excess. But income tax exemption will be up to Rs. 10,00,000.
Regards,
Abbas.P.S
From India, Bangalore
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530Regards,
Abbas.P.S
From India, Bangalore
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