Under the Payment of Gratuity Act, 1972 the maximum gratuity payable is:

CS Executive · Industrial, Labour & General Laws · PYQS · June 2018
Under the Payment of Gratuity Act, 1972 the maximum gratuity payable is:
(A) ₹10 lakh
(B) ₹8 lakh
(C) ₹5 lakh
(D) ₹7 lakh

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Payment of Gratuity Act, 1972

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