Gratuity Calculator
Calculate gratuity payable under the Payment of Gratuity Act, 1972.
Inputs
INR
Result
Gratuity Payable
₹346,153.85
15/26 × 10 yrs
Formula Amount₹346,153.85
Completed Years (rounded)10
Statutory Cap₹2,000,000.00
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Formula
Gratuity = (Last drawn Basic + DA) × 15 ÷ 26 × Completed Years. Maximum ₹20,00,000 tax-free.
How it works
Gratuity is a lump-sum retirement benefit paid by employers to employees who complete 5+ years of continuous service, governed by the Payment of Gratuity Act, 1972.
Example
Example: ₹60,000 monthly Basic, 10 years → ₹60,000 × 15 ÷ 26 × 10 = ₹3,46,154.
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Frequently Asked Questions
Disclaimer: Results are estimates for informational purposes only and should not be considered financial, medical, legal, or professional advice. Always consult a qualified professional before making decisions.