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Tax & Business

Gratuity Calculator

Calculate estimated gratuity amounts under the Payment of Gratuity Act (15 days salary per year).

Inputs

1,00050,00,000
550

Calculation Results

Gratuity Payable

₹2,88,462

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Formula & Mathematical Explanation

G=Basic Salary×15×T26\displaystyle G = \frac{\text{Basic Salary} \times 15 \times T}{26}

Gratuity is calculated as 15 days of salary for every completed year of service, assuming a standard working month has 26 days.

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