Gratuity calculator
Estimate the gratuity payable under the Payment of Gratuity Act, 1972.
Gratuity payable
₹2,42,308
Based on the Payment of Gratuity Act, 1972 (covered establishments). The maximum is ₹20,00,000. Indicative only.
How gratuity is calculated
For establishments covered by the Payment of Gratuity Act, 1972, gratuity is 15 × last drawn salary × years of service ÷ 26, where salary means Basic + Dearness Allowance. An employee is generally eligible after 5 years of continuous service, and any part of a year of 6 months or more counts as a full year. The maximum gratuity payable is ₹20,00,000. Figures here are indicative.
NeevHR does this for your whole payroll, automatically
Gratuity, HRA, PF and TDS computed every cycle, statutory-accurate.
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