Gratuity Calculator
Estimate your end-of-service employee benefit
₹
Yrs
Minimum 5 years required for eligibility.
Gratuity Payable
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Formula: (15 × Last Salary × Years) / 26
Tax Exempt Limit: ₹20 Lakhs
Understanding Gratuity
Gratuity is a monetary benefit given by an employer to an employee for their services rendered to the organization. It is usually paid at the time of retirement or resignation.
Eligibility Criteria
- You must have completed at least 5 years of continuous service in the same organization.
- Gratuity is payable on resignation, retirement, or death/disablement (5-year rule doesn't apply for death).