Mmorpg 2024 Gratuity Act. The increase raises the maximum limit of retirement gratuity and death gratuity from rs 20.00 lakh to rs 25.00 lakh, effective from january 1, 2024. However, an employee can claim exemption from tax on gratuity up to a certain.
Online gratuity calculator tools make computing gratuity amounts simpler, more accurate and more transparent in an electronic age. The act lays down the rules of eligibility for companies and employees, calculation of gratuity, application of gratuity claim, and.