Salary & Tenure Inputs
₹
Basic salary at the time of resignation or retirement.₹
Include DA forming part of retirement benefits.≥6 months rounds up to +1 year
Covered under Payment of Gratuity Act 1972Applies to all companies/establishments with 10+ employees (15/26 days formula)
Estimated Gratuity Payable
Eligible₹2,07,692
Eligible Qualifying Service: 6 Years
Eligibility Status: Qualified
You are eligible for gratuity with 6 years of qualifying service under the Payment of Gratuity Act 1972.
Tax-Exempt Gratuity
₹2,07,692
Taxable Gratuity (Above ₹20L)
₹0
Statutory Calculation Steps
| Step | Calculation | Value |
|---|---|---|
| 1. Last Drawn Wage | Basic (₹60,000) + DA (₹0) | ₹60,000 |
| 2. Rounded Service Period | 5 yrs 8 mos → Rounded to 6 years (Rule: ≥6 mos rounds up) | 6 Years |
| 3. 15-Day Factor Application | 15 × ₹60,000 × 6 | ₹54,00,000 |
| 4. Division by 26 Working Days | ₹54,00,000 ÷ 26 | ₹2,07,692 |
| Final Gratuity Payout | ₹2,07,692 | |
Formula Applied: (15 × Last Drawn Salary ₹60,000 × 6 Years) ÷ 26