PickWise
Switch Platform

PickWise — Make Smarter Choices

🎁Gratuity Calculator

Estimate the gratuity you are entitled to on leaving a job after 5+ years of service. Enter your last drawn basic salary (plus DA) and years of service to see the amount under the Payment of Gratuity Act.

Gratuity amount
₹2,88,462
Formula
15/26 × salary × years
Tax-free limit
₹20,00,000

How it works

  • Gratuity = (last drawn basic + DA) × 15/26 × completed years of service.
  • Service of more than 6 months in the final year rounds up to a full year.
  • The statutory tax-free ceiling is ₹20 lakh for employees covered under the Act.

Frequently asked questions

Who is eligible for gratuity?

Employees who complete at least 5 years of continuous service with an employer (the 5-year rule is relaxed in case of death or disablement).

Is gratuity taxable?

For private-sector employees covered by the Act, gratuity is tax-exempt up to ₹20 lakh (lifetime aggregate); any excess is taxed as salary.

Related tools