Gratuity Calculator (India)
As per the Payment of Gratuity Act, 1972.
âšī¸ Gratuity Rules
- Minimum 5 years of continuous service required
- Formula: (Basic + DA) Ã 15/26 Ã Years of Service
- Maximum gratuity tax-exempt: âš20 lakh (as of 2024)
- 26 working days assumed per month
- Paid at retirement, resignation, death or disablement