Gratuity Calculator
Calculate gratuity amount
⚠️ Disclaimer: This is a simplified calculator. Actual gratuity may vary based on company policy and employment terms. Consult HR for accurate calculations.
Employment Details
₹
Minimum: 5 years for gratuity eligibility
Gratuity Amount
Gratuity Payable
₹2,88,462
Calculation
Last Salary₹50,000
Years of Service10 years
Formula(Salary × 15 × Years) / 26
About Gratuity
What is Gratuity?
Gratuity is a lump sum payment made by an employer to an employee as a token of appreciation for services rendered. It's governed by the Payment of Gratuity Act, 1972.
Eligibility
- Minimum 5 years of continuous service
- Applicable to organizations with 10+ employees
- Payable on retirement, resignation, death, or disability
Tax Treatment
Gratuity up to ₹20 lakhs is tax-exempt under Section 10(10) of the Income Tax Act.