Amount of retirement benefits of employees exceeding rs 20000 per employee is treated as
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1
Answer:
Rs 20 lakh
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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4
Answer:
20 lakh is the correct answer
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