Gratuity Calculator
Monthly salary (Basic + DA)
₹
Years of service
Total Gratuity payable
₹28846
What is Gratuity
After 5 years of service, each employee of a private company that offers EPF benefits is eligible to receive a gratuity. However, an employee may be eligible for a gratuity before five years if he or she is injured and disabled in an accident or as a result of a disease. StockDaddy offers a free gratuity calculator that you may use to determine how much your organisation owes you. The laws governing gratuity payments are governed by the Payment of Gratuity Act 1972. The sum is determined by the last wage received and the number of years of employment to the organization.
What is Gratuity Calculator
A gratuity calculator is a tool that estimates the amount you might earn upon leaving your job after five years of continuous service. It is a useful tool for calculating the company's gratuity upon retirement.
Gratuity Calculation Formula
G = n*b*15/26
In the formula, the values are the following.
N= The length of time that an employee has been employed by the company
b = Last drawn basic salary + dearness allowance
For example, suppose you've been with XYZ corporation for 20 years. Your last basic salary plus dearness allowance was Rs 40,000. Hence:
The gratuity is calculated as 20*40,000 * 15 / 26 = Rs 4,61,538.
How can a Gratuity Calculator Help You?
The StockDaddy Gratuity Calculator is a simple tool that allows you to enter your base income and years of service. It estimates the gratuity you might receive after five years or more of continuous service.
In seconds, the gratuity calculator displays the gratuity figures. It helps you arrange your budget by investing the gratuity wisely for the best possible return.
To calculate the gratuity amount, you can utilize the gratuity calculator from the comfort of your own home or virtually anyplace.
