The maximum amount of Gratuity exempt and the maximum amount of leave encashment exempt under the act respectively are:
A. ₹ 2,50,000 in each case
B. ₹ 20,00,000 and ₹ 3,00,000
C. ₹ 10,00,000 and ₹ 3,00,000
D. None of the above
Answer:B
The maximum amount of Gratuity exempt and the maximum amount of leave encashment exempt under the act respectively are:
A. ₹ 2,50,000 in each case B. ₹ 20,00,000 and ₹ 3,00,000 C. ₹ 10,00,000 and ₹ 3,00,000 D. None of the above