25. For text of sub-sections (2) and (3) of section 4 of the Payment of Gratuity Act, 1972, see Appendix.

      The limit laid down under section 4(3) of the Payment of Gratuity Act, 1972 [as amended by the Payment of Gratuity (Amendment) Act, 1998, w.r.e.f. 24-9-1997] is Rs. 3,50,000.