Mmo 2024 Gratuity Act. 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. Every company, public or private, having 10 or more employees is mandated to pay gratuity to its employees.

The karnataka government officially introduced the karnataka compulsory gratuity insurance rules, 2024 (“gratuity rules” or “rules”) on january 10, 2024. In the case of seasonal.