Can you please tell me the time limit for the payment of gratuity to an employee after they become eligible and resign? I know the maximum limit for gratuity payment is 10 lakhs, but in case the amount exceeds this limit, will it be required to pay the excess amount? If so, is it taxable? Kindly clarify my doubts.
Thanks,
Lakshmi Narayana
From India, Hyderabad
Acknowledge(0)
Amend(0)
Thanks,
Lakshmi Narayana
From India, Hyderabad
Acknowledge(0)Amend(0)
54CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Payment of Gratuity Act, 1972 & The Rules.ppt
FORM - F (TN Payment of Gratuity Rules, 1973).xls
Abstract of PAYMENT OF GRATUITY ACT & RULES, 1972, FORM U[1].doc