PREVIOUS
✖
Gratuity limit hike
June 3 , 2024
28 days
136
0
- The Central government increased the dearness allowance (DA) and dearness relief (DR) by 4% in March 2024.
- It has resulted in a substantial revision in other allowances, including retirement gratuity.
- The maximum limit for Retirement Gratuity and Death Gratuity is increased by 25%, from Rs 20 lakh to Rs 25 lakh, effective January 1, 2024.
- Gratuity is a defined benefit plan given by the employer to the employee for rendering services continuously for five years or more.
Leave a Reply
Your Comment is awaiting moderation.