{"id":30353,"date":"2025-02-24T08:09:24","date_gmt":"2025-02-24T02:39:24","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=30353"},"modified":"2025-04-10T10:05:19","modified_gmt":"2025-04-10T04:35:19","slug":"ex-gratia-payment","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/ex-gratia-payment\/","title":{"rendered":"Ex Gratia Payment"},"content":{"rendered":"<h2>Ex Gratia Payment Latest News<\/h2>\n<p>The Ministry of Railways handed over wads of cash in bundles of notes of Rs 100 and 50 after announcing that it would provide Rs 10 lakh ex-gratia to the kin of the 18 deceased in the stampede at the New Delhi Railway Station recently.<\/p>\n<h2>About Ex Gratia Payment<\/h2>\n<ul>\n<li>An ex gratia payment is a type of <strong>payment made by an organization<\/strong>, government, etc., <strong>to an individual for damages or claims without<\/strong> recognizing <strong>any legal obligation.<\/strong><\/li>\n<li>\u201cEx gratia\u201d means \u201cby favor\u201d or <strong>\u201cby virtue of grace\u201d<\/strong> in Latin.\u00a0<\/li>\n<li>Thus, an ex gratia payment is a <strong>voluntary payment<\/strong> that is <strong>not a part of an organization\u2019s legal liability.<\/strong><\/li>\n<li>Ex gratia payments are <strong>not common<\/strong> since companies or other organizations are usually only willing to cover the payments under legal enforcement.\u00a0<\/li>\n<li>However, some <strong>organizations use ex gratia payments to express their goodwil<\/strong>l to <strong>maintain good long-term relationships<\/strong> with the payment receivers.<\/li>\n<li>For example, a company experienced a bad year and decided to lay off a large number of employees.\u00a0\n<ul>\n<li>In addition to compensating the employees according to legal terms, the company may also pay extra amounts to show its benevolence.\u00a0<\/li>\n<li>It can help the company to lower the negative effect of the job cuts on its public image.<\/li>\n<\/ul>\n<\/li>\n<li>Ex gratia payments are <strong>not taxable in India unless <\/strong>they are <strong>made in lieu of salary or wages.\u00a0<\/strong><\/li>\n<li>The <strong>amount <\/strong>of the payment is <strong>not limited<\/strong>, but it is generally based on the individual&#8217;s or group&#8217;s needs and circumstances.<\/li>\n<\/ul>\n<h2>Ex Gratia Payment FAQs<\/h2>\n<p><strong>Q1<\/strong>. What is the maximum ex gratia amount?<\/p>\n<p><strong>Ans<\/strong>. There is no limit on how much an ex gratia payment can be.\u00a0<\/p>\n<p><strong>Q2<\/strong>. What is another word for ex gratia payment?<\/p>\n<p><strong>Ans<\/strong>. Ex gratia translates to &#8216;by favour&#8217; and literally means a voluntary payment or a gift.<\/p>\n<p><strong>Q3<\/strong>. What is gratuity in salary?<\/p>\n<p><strong>Ans<\/strong>. Gratuity is a financial benefit given to an employee as a token of appreciation for their service .<\/p>\n<p><strong>Source<\/strong>: <a href=\"https:\/\/indianexpress.com\/article\/explained\/new-delhi-railway-station-stampede-ex-gratia-cash-9848839\/\" target=\"_blank\" rel=\"nofollow noopener\">IE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An ex gratia payment is a type of payment made by an organization, government, etc., to an individual for damages or claims without recognizing any legal obligation<\/p>\n","protected":false},"author":5,"featured_media":30354,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-30353","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/30353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=30353"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/30353\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/30354"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=30353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=30353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=30353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}