Mmo 2024 Gratuity Act

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Mmo 2024 Gratuity Act.  โ€” gratuity act is the primary act and considered to be a social security benefit for the employee. Gratuity is a financial acknowledgment provided by an employer for the employee's service to the company.


Mmo 2024 Gratuity Act

According to the gratuity rules 2021, gratuities paid by organisations covered by the payment of gratuity act, 1972, up to a total of โ‚น20 lakh, are exempt from. Even if employee count falls below 10, gratuity remains applicable, fully funded by the employer.

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