Gratuity Calculator

📘 About Gratuity

Gratuity is a lump-sum financial benefit paid by an employer to an employee as a token of appreciation for long and continuous service. It is generally payable when an employee leaves an organisation after completing the minimum qualifying period prescribed under applicable law or company policy.

The gratuity amount is commonly calculated using the employee's last drawn Basic Salary plus Dearness Allowance (DA) and the completed years of continuous service.

🎯 Benefits of Gratuity

• ✔ Financial support after leaving employment.
• ✔ Reward for long-term service and loyalty.
• ✔ Helps in retirement planning.
• ✔ Can provide emergency financial assistance after resignation or retirement.
• ✔ Acts as an additional employee benefit.

📌 Important Notes

• This calculator provides an estimated gratuity amount.
• Eligibility requirements and calculation methods may vary depending on applicable laws, organisation policies, and future regulatory updates.
• The standard formula used here is commonly applied to employees covered under the Payment of Gratuity Act, but it may not apply in every situation.
• Always verify the final gratuity amount with your employer or the relevant authority.

💡 Quick Tips

*Subject to applicable law and specific circumstances.