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Yes, a Managing Director earning ₹20 lakh per month is eligible for gratuity under the Payment of Gratuity Act, 1972, provided they meet the conditions of continuous service and are not otherwise excluded by specific government service rules. High salary does not disqualify eligibility, only the maximum gratuity payable is capped by law.
Shekar Ganagaluru's Books
K. VITTALA RAO's HR Books
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