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Gratuity Calculator

Last Drawn Monthly Salary₹ 50,000

Years of Service5 Y

Maturity Value

₹ 1.44 L

Total Investment

₹ 30.00 L

Est. Returns

₹ 1.44 L

Formula: (Last Salary × 15 × Years) ÷ 26

(₹ 50,000 × 15 × 5) ÷ 26 = ₹ 1.44 L

What is a Gratuity calculator?

Gratuity is a lump-sum payment made by an employer to an employee as a token of appreciation for services rendered. It is payable to employees who have completed at least 5 years of continuous service. This calculator uses the standard formula prescribed under the Payment of Gratuity Act.