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The minimum ceiling on gratuity as per the Payment of Gratuity Act, 1972 is:

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Question:

The minimum ceiling on gratuity as per the Payment of Gratuity Act, 1972 is:

A.

` 5 lakhs

B.

` 10 lakhs

C.

` 15 lakhs

D.

` 20 lakhs

Answer» b. ` 10 lakhs

Note: The above multiple-choice question is for all general and Competitive Exams in India.