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.

From India
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As per The Payment of Gratuity Act, the maximum limit (current ammendment) of Gratuity Payable is Rs.20 lacs . But the Employer is free to pay any amount above that as per his will and wish.
From India, Mumbai
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MA
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