Specified maximum limit of payment to employees under the Gratuity Act?

madhuconpcl

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 the details as well as the latest updates under the gratuity.
15th February 2018 From India

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HR_learning2006

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.
16th February 2018 From India, Mumbai

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