Gratuity Calculator
Calculate gratuity payable under the Payment of Gratuity Act, 1972.
Employer Type
Gratuity Payable
₹3.46 L
(Last salary × 15 × 10) / 26
Years of Service
10
Last Salary
₹60.00 K
Gratuity
₹3.46 L
How it's calculated
Covered under the Payment of Gratuity Act, 1972: (Last Salary × 15 × Years of Service) / 26
Not covered: (Last Salary × 15 × Years of Service) / 30
The tax-free ceiling is ₹20 lakh. Any amount above this is taxable as per your income tax slab.
Gratuity Calculator visual insights
Projected corpus
₹1.61 Cr
Growth
₹1.25 Cr
How to Use This Calculator
Enter Amount
Set your loan amount or investment using the slider or input field.
Set Rate & Tenure
Adjust the interest rate and time period to match your scenario.
Get Results
See your EMI, total interest, and full payment breakdown instantly.
Share & Plan
Share the result link or download the amortization schedule as PDF.
About Gratuity Calculator
Gratuity Calculator helps you project retirement corpus, pension, provident fund value, and long-term savings maturity using India-focused assumptions and INR formatting. Calculate gratuity payable under the Payment of Gratuity Act, 1972.
This tool is useful for Indian families and salaried employees planning PPF, EPF, NPS, pension, gratuity, and small-savings schemes. It is designed for quick planning before comparing bank offers, investment options, tax choices, or scheme rules with a qualified professional.
The calculations are tailored for users in India and use Indian number formatting, rupee values, and locally relevant finance terms wherever applicable.
Results are estimates for education and planning. Final decisions should use official documents, lender statements, scheme rules, tax notices, or advice from a qualified professional.
Frequently Asked Questions
Who is eligible for gratuity in India?
Employees who complete 5 years of continuous service with the same employer are eligible under the Payment of Gratuity Act, 1972.
What is the gratuity formula?
For employers covered under the Act: (Last Drawn Salary × 15 × Years of Service) / 26. For those not covered, replace 26 with 30.
Is gratuity tax-free?
Gratuity up to ₹20 lakh is tax-free under Section 10(10). Any amount above ₹20 lakh is taxable at your slab rate.
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Methodology & Formulas
All formulas used here comply with RBI guidelines and standard Indian financial conventions. Calculators are updated for FY 2026–27.
Last updated: April 2026