Mmo 2024 Gratuity Eligibility. 2) employee must have retired from service. 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.
Gratuity is a retirement benefit paid by employers to eligible employees as a lump sum payment when they retire or leave the organization. Gratuity calculator is to estimate the amount of gratuity an employee is entitled to receive from their employer as a part of their employee benefits package.