Gratuity Calculator
Compute your statutory gratuity entitlement under the Payment of Gratuity Act 1972 after completing 5 or more years of service.
Adjust Inputs
Real-Time UpdateMinimum 5 continuous years required for eligibility
Based on 7 completed years of service
Exempt under Section 10(10) up to ₹20 Lakh
Nil taxable
Visual Breakdown
Interactive GraphicGratuity = (15 × Last Basic Salary × Completed Years) / 26 = (15 × ₹75,000 × 7) / 26 = ₹3,02,885
- Eligibility: Continuous service for not less than 5 years is mandatory to claim gratuity on resignation or retirement (not applicable in case of death or disablement).
- The statutory ceiling for tax exemption under Section 10(10) is ₹20 Lakh.
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Understanding the Gratuity Calculator
This calculator provides real-time, mathematically verified computations for Indian tax payers, investors, and businesses. All algorithms are calibrated to Indian statutory standards including the Income Tax Act 1961, CGST Act 2017, and standard banking annuity models.
How It Works
- Enter your baseline financial values using the input fields or interactive sliders.
- Observe instant changes in the summary metrics and visual breakdown charts without page reloads.
- Review the year-by-year or month-by-month amortization schedule for long-term clarity.
- Export your results via CSV or print a clean summary for your tax consultant or accountant.
Payment of Gratuity Act 1972: (15 * Last Drawn Basic * Tenure) / 26
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