Accountancy, asked by HARL8808, 2 months ago

Amount of Retirement benefits of employees exceeding Rs. 20,000 per employee is treated as

Answers

Answered by vatsalpal13jun2009

Answer:

Rs 20 lakh is the answer

The retirement gratuity payable is 16 times the basic pay subject to maximum of Rs 20 lakh. In case of death of an employee, the gratuity is paid based on the length of service, where the maximum benefit is restricted to Rs 20 lakh.

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