Paid to Jigyasa ₹11,500 in full settlement of ₹12,000. Posting will be made in Jigyasa’s A/c: * (a) ₹12,000 on Debit side (b) ₹12,000 on Credit side (c) ₹11,500 on Debit side (d) ₹11,500 on Credit side
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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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