Under the Payment of Gratuity Act, 1972 the maximum gratuity payable is:
(A) Rs. 10 lakhs
(B) Rs. 8 lakhs
(C) Rs. 5 lakhs
(D) Rs. 3.5 lakhs
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Accordingly, the Government initiated the process for amendment to Payment of Gratuity Act, 1972 to increase the maximum limit of gratuity to such amount as may be notified by the Central Government from time to time. Now, the Government has issued the notification specifying the maximum limit to Rs. 20 Lakh.
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