Gratuity Calculator
Estimate the gratuity amount you are eligible to receive.
Input Values
Adjust parameters below
10,000500,000
₹
540
Yrs
RESULT
Gratuity Amount
$144,231
MONEY
How It Works
Guide and Formula
Gratuity Formula
Gratuity is a benefit for employees who have served for 5 years or more.
Formula:
G = \frac{15 \times \text{Last Drawn Salary} \times \text{Years of Service}}{26}
Last Drawn Salary: Basic + DA
15: 15 days wages per year
26: Working days in a month
?FAQs
Is gratuity taxable?
Gratuity is tax-free up to ₹20 Lakhs for non-government employees covered under the Gratuity Act.
Is 5 years continuous service mandatory?
Yes, 5 years of continuous service is mandatory to be eligible for gratuity, except in case of death or disablement.