The maximum amount of gratuity exempt and the maximum amount of leave encashment exempt under the Act respectively are:

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Question:The maximum amount of gratuity exempt and the maximum amount of leave encashment exempt under the Act respectively are:

1.₹ 2,50,000 in each case

2.₹ 20,00,000 and ₹ 3,00,000

3.₹ 5,00,000 and ₹ 2,50,000

4. None of the above

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  1. The maximum amount of gratuity exempt and the maximum amount of leave encashment exempt under the Act respectively are:
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