Payment of gratuity act

Bishan Dayal (Querist) 28 June 2012 This query is : Resolved
I understand that Gratuity payment to an employee is due to him after a continuous service of 5 years in an organisation. Whether there is any salary limit( last drawn or otherwise) for determining the entitlement to Gratuity ( i.e. an employee drawing less or more than a perticular amount will not be entitled for gratuity)?

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Sankaranarayanan (Expert) 28 June 2012
There is no max salary celing for gratuity. every employee is entitled to get the gratuity at their superannuation. the 15 days salary(basic + DA) for every completed year of service max is 3.5 lac

recently the new amendment announced that the ceiling is 10 lackh for psu

Bishan Dayal (Querist) 29 June 2012
thanks, mr s narayanan.

Raj Kumar Makkad (Expert) 01 July 2012
It is true that there is no maximum or minimum limit of salary for claiming the gratuity, however, the limit for the payment of gratuity is there.

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