Gratuity Calculator
Calculate gratuity benefits based on salary and years of service
About Gratuity
Gratuity is a monetary benefit given by an employer to an employee for services rendered to the organization. It's a part of the salary that is received by an employee for rendering continuous service for at least 5 years.
Eligibility and Calculation
- Minimum 5 years of continuous service required
- 15 days salary for each completed year of service
- Based on last drawn basic salary and dearness allowance
- Tax-free up to $2,000,000
- Calculated as: (Last drawn salary × 15 × Years of service) / 26
Note: This calculator provides estimates based on standard gratuity calculation rules. Actual gratuity may vary based on company policy, local laws, and other factors. Consult with your HR department for specific details about your gratuity benefits.