What is the maximum limit of gratuity payable under the Payment of Gratuity Act, 1972?
• The ceiling of Gratuity amount under the Payment of Gratuity Act, 1972 has been raised from me to me keeping in view over-all economic condition and employers’ capacity to pay and the salaries of the employees, which have been increased in private sector and in PSUs. The latest such enhancement of ceiling of gratuity was made vide Government of India Notification dated 29.03.2018 under which the gratuity amount ceiling has been increased from Rs.10 Lakhs to 20 Lakhs w.e.f. 29.3.2018. • Therefore, as per previous limits C is the right answer but since that limit does not exist at present, hence, none of the above is right.
There are three commodities –the first commodity has a negative price, at −1 per unit; the second commodity is priced at +1 per unit while the third...
