Can a company pay gratuity more than rs 1000000. As limit under Gratuity act is 1000000, If a company paid more than 1000000 What r the consequences? Please xplain.
3 Replies
Prasad
(Sr. Manager)
(617 Points)
Replied 22 April 2013
Yes a company can pay more than 10L gratuity, the amount above 10L is taxable in the hands of the employee
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