Gratuity Calculator India — Calculate Gratuity Benefits Under Payment of Gratuity Act

What is Gratuity in India?

Gratuity is a financial benefit given by an employer to an employee for services rendered to the company. Under the Payment of Gratuity Act, 1972, organizations with 10 or more employees are required to pay gratuity if an employee completes at least 5 years of continuous service.

Gratuity Calculation Formula:

For employees covered under the Act, the formula used is:

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Gratuity = (15 × Last Drawn Basic Salary + DA × Completed Years of Service) / 26

Gratuity Calculator

💼 Gratuity Calculator India

Last Basic Pay + DA Monthly (Rs. )

Years of Service

Total Gratuity Payable

Rs. 2,76,923

Eligible for gratuity.

Gratuity Eligibility & Rules:

• Death or Disablement: The 5-year continuous service rule is relaxed if service terminates due to death or permanent disablement of the employee.
• Service Round-off: If service tenure is more than 6 months (e.g., 7 years and 7 months), it is counted as 8 years for gratuity calculation.

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Disclaimer: The calculations provided by these calculators are estimates based on standard rules and formulas. For official financial, tax, or legal transactions, please consult with registered professionals or official banking resources. — Global Info Wiki Editorial Team