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    Question

    What is the maximum amount of gratuity payable to the

    employees under the Payment of Gratuity Act, 1972 ?
    A ₹7 5,00,000 Correct Answer Incorrect Answer
    B ₹10,00,000 Correct Answer Incorrect Answer
    C ₹ 15,00,000 Correct Answer Incorrect Answer
    D ₹ 20,00,000 Correct Answer Incorrect Answer

    Solution

    Under the Payment of Gratuity Act, 1972, the maximum amount of gratuity payable to an employee is currently Rs. 20 lakhs. This limit was increased from Rs. 10 lakhs to Rs. 20 lakhs with effect from 29 March 2018, through an amendment to the Act.

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