The formula for calculating gratuity is very simple, Total gratuity = (last basic monthly salary) X (15/26) X (years of job). For example, you started the job in 2019 and resigned in 2024.

Gratuity Formula (15 * your last drawn salary * tenure of working) / 26. 4 / 10. Gratuity Eligibility Criteria. An employee should be eligible for superannuation, employee should resign after ...

For example, if your salary (basic pay) is Rs 50,000 and you have worked for 10 years, the gratuity as per the formula will be Rs 2,88,462. For example, if your salary (basic pay) is Rs 50,000 and ...

Gratuity Calculation Formula 2022/Gratuity Payment Rules for Central Government Employees - Rules to calculate of retirement, death gratuity ...

Gratuity is the money that is paid by an employer to his employee in return for his services. It is governed by the Payment of Gratuity Act 1972. The Gratuity Act caps the amount of gratuity at Rs 10 ...

Knowing the gratuity eligibility criteria, tax implications and calculation formula may help you plan your finances better. This article explains how to calculate gratuity using a simple formula and ...

Financial-Literacy News: Salaried employees are eligible for gratuity under the Payment of Gratuity Rules, 1972, after completing 4 years and 240 days of continuous service. G ...

Gratuity = (50,000 × 15 × 10) ÷ 26 = ₹2,88,461.54 Using a gratuity calculator ensures precision and saves time, making it an indispensable tool for employees planning their financial future ...

Gratuity in India, as outlined in the Payment of Gratuity Act, 1972, is a fund that binds employers to provide to employees who have rendered services for at least five years.