The Gratuity Calculator helps you calculate the gratuity amount you are entitled to receive based on your basic salary, dearness allowance, and years of service. Gratuity is a retirement benefit paid by employers to employees who have completed at least 5 years of continuous service.
How to use this Gratuity Calculator India?
You input your basic salary, dearness allowance, years of service, and whether your employer is covered under the Gratuity Act 1972. The calculator uses the appropriate formula to compute your gratuity amount. For employers covered under the Act, the formula is (15 × Last Drawn Salary × Years of Service) ÷ 26. For others, it's (15 × Last Drawn Salary × Years of Service) ÷ 30.
Give me an example ofGratuity Calculator India?
If you have a basic salary of ₹50,000, DA of ₹10,000, and 10 years of service with an employer covered under the Gratuity Act, your gratuity would be approximately ₹3,46,154.
What are the advantages of using Gratuity Calculator India?
Accurate Calculation : Provides precise gratuity calculation based on the official Gratuity Act 1972 formula.
Eligibility Check : Automatically checks if you meet the minimum 5-year service requirement for gratuity eligibility.
Tax Information : Includes important tax-related information about gratuity benefits under Indian tax laws.
Compliance Awareness : Helps you understand whether your employer is covered under the Gratuity Act and the applicable calculation method.