Question

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

Answer 1

The correct option is A Rs. 10 lakhs

Gratuity is a type of after service payment to the employees who have fulfilled certain conditions of the job. According to the Payment of the Gratuity Act, 1972 the maximum amount of gratuity which can be paid to a employee is 10 lakh rupees.