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Gratuity Calculator: Use ClearTax online gratuity calculator to know gratuity amount of money you will get on retirement. Only those employees who have been employed by the company for five years or more are given the gratuity. Check out gratuity formula, percentage, eligibility, rules in India.
The formula used by our online gratuity calculator is: G = n*b*15/26. In the formula, the values are the following. For example, if individual A has worked with an organisation for 5 years, and your basic salary plus DA amounted to Rs. 30,000 every month, you are eligible to receive 5*30000*15/26 = Rs. 86,538.46 as gratuity.
Easily calculate your gratuity with our online Gratuity Calculator. Use the simple formula and guidelines to estimate your entitled benefits now.
Jun 19, 2024 · Gratuity Calculation. Gratuity is calculated based on the employee’s last drawn salary and the number of years of service. Covered under the Payment of Gratuity Act 1972. Eligible Gratuity = Last Drawn Salary * 15/26 * Number of Years of Service. Components. Last Drawn Salary: includes basic salary, dearness allowance and commission received ...
Oct 28, 2024 · The gratuity calculator is a tool that helps you calculate the amount that you will receive after at least five years of work in India. It is granted by The Payment of Gratuity Act, put into law in 1972.
The formula utilised by our online gratuity calculator is as follows: Gratuity formula: G = n * b * 15 / 26. Where: G: Your estimated gratuity amount. n: Number of years you've worked for the organization. b: Your last drawn basic salary plus Dearness Allowance (DA)
The Gratuity calculation formula that you can use to calculate the Gratuity amount is: Gratuity = n*b*15/26. n denotes the tenure of service an employee has completed in the organisation. b denotes the last drawn salary plus dearness allowance. For instance, you have worked with an XYZ organisation for a total of 15 years.
The gratuity calculators work on the gratuity formula that calculates the gratuity amount concerning the input values such as last drawn monthly income, years (including the months) in service with the company, dearness allowance, etc. What is the Eligibility Criteria to Receive Gratuity?
Gratuity Calculator: Use Vakilsearch's online gratuity calculator for easy, accurate gratuity amount calculations. Simplify your gratuity math effortlessly.
Gratuity Formula - Listed below are the components that go into the calculation of the gratuity amount. The amount is also dependent upon the number of years served in the company and the last drawn salary. Gratuity = N*B*15/26. where, N = Number of Years Serviced in the Organization. B = Basic Salary including DA.
