Gratuity Calculator
₹
₹5,000₹5,00,000
Yr
1 Yr40 Yr
* Formula: (15 × Salary × Years) ÷ 26
Estimated Gratuity₹0
Tax-Free Amount₹0
Monthly Equivalent₹0
✓ Eligible: You are eligible for gratuity after completing 5 years of service.
📋 Gratuity Details
Last Drawn Salary₹50,000
Service Period5 Years
Days Considered15 days/year
Working Days/Month26 days
Tax Exemption Limit₹20,00,000
EligibilityYes
ℹ️ About Gratuity
Gratuity is a retirement benefit under the Payment of Gratuity Act, 1972. It is paid by the employer to the employee as a token of gratitude for services rendered.
- Applicable to organizations with 10+ employees
- Min. 5 years of continuous service required
- Max tax-free limit: ₹20 Lakhs
- Payable on retirement, resignation, disability, or death
Formula Used
G = \frac{15 \times Salary \times Years}{26}