Gratuity Calculator

Gratuity Calculator India – Estimate Your Gratuity Payout | WealthCalc India
🇮🇳 Free financial tools for India — Explore All Calculators →
🏦 Retirement Benefit Tool

Gratuity Calculator India

Estimate your gratuity payout based on your last drawn salary and years of service. Covers both Gratuity Act and non-Act employees with tax exemption breakdown.

✓ Act Covered Employees ✓ Non-Act Employees ✓ Tax Exemption Limit ✓ Service Milestones
🏦

Gratuity Calculator

Estimate your retirement gratuity payout

👔 Employment Details
Include Basic Salary + Dearness Allowance only
ℹ️ Enter your details to check gratuity eligibility

Gratuity Breakdown

Payment of Gratuity Act
🏦

Enter your last drawn salary and years of service, then click Calculate Gratuity to see your estimated payout and tax exemption details.

How It Works
Understanding Gratuity in India
Gratuity is a statutory benefit paid to employees who have completed at least 5 years of continuous service.
🧮

Gratuity Formula

Covered by Gratuity Act:
Gratuity = (Last Salary × 15 × Years of Service) ÷ 26

Not Covered by Act:
Gratuity = (Last Salary × 15 × Years of Service) ÷ 30

Last Salary = Basic + DA. Maximum tax-exempt gratuity = ₹20,00,000.

📋

Eligibility

You are eligible for gratuity after completing 5 years of continuous service with the same employer. In case of death or disability, the 5-year rule is waived.

⚖️

Act Coverage

The Payment of Gratuity Act, 1972 applies to organisations with 10 or more employees. The formula uses 26 working days/month. Non-Act organisations use 30 days.

💸

Tax Exemption

Gratuity up to ₹20,00,000 is fully tax-exempt for government and private sector employees covered under the Gratuity Act. Amount above this is taxable.

📅

When Is It Paid?

Gratuity is paid on retirement, resignation (after 5 years), termination, death or permanent disability. It must be paid within 30 days of it becoming due.

FAQ
Frequently Asked Questions

You must complete at least 5 years of continuous service with the same employer to be eligible for gratuity. However, if an employee dies or suffers permanent disability, gratuity is paid regardless of service period.

For gratuity calculation, “last drawn salary” means Basic Salary + Dearness Allowance (DA) only. HRA, bonus, commission, overtime, and other allowances are not included.

Gratuity up to ₹20,00,000 is fully tax-exempt. Any amount above ₹20 lakh is added to your income and taxed at your applicable slab rate. For government employees, the entire gratuity is tax-exempt.

The Payment of Gratuity Act applies to organisations with 10+ employees. Act-covered employees use 26 working days/month in the formula, giving a slightly higher payout. Non-Act organisations use 30 days, resulting in a lower amount.

Yes, gratuity can be partially or fully forfeited if an employee is terminated due to misconduct causing damage or loss to the employer. However, the forfeiture must be proportionate to the loss caused.

Explore
Related Calculators
Scroll to Top