Maximum amount payable to any employee as gratuity
This query is : Resolved
Sagar Pandurangi
(Querist)
04 September 2011
what is the maximum amount payable to any employee under the Act, is it1o Lac or anything that the Employer wants to pay.
There's a lot of ambiguity because sec 4(3) says max- 10 L and sec 4(5) says there's no restriction to pay a higher amount.
PL HELP!
There's a lot of ambiguity because sec 4(3) says max- 10 L and sec 4(5) says there's no restriction to pay a higher amount.
PL HELP!
05 September 2011
there is no limit as per the LAW but tax exemption is allowable only upto 10 Lac.
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Sagar Pandurangi
(Querist)
07 September 2011
thanq sir! thanx a tonne :)
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