Our comprehensive gratuity calculator provides essential tools for employee gratuity planning under Indian law:
💼 Private Sector Gratuity
Calculate gratuity using standard formula: Gratuity = (Last drawn salary × 15 × Years of service) ÷ 26 for companies covered under Payment of Gratuity Act 1972. For non-covered companies: ÷ 30. Minimum 5 years service required. Maximum limit ₹20 lakh.
🏛️ Government Employee Gratuity
Government gratuity calculated as: Gratuity = (Basic Pay + DA) × 1/4 × Years of service. Different from private sector formula. Higher ceiling of ₹20 lakh. 7th Pay Commission benefits apply for current employees.
📊 Service Projection Tool
Project future gratuity based on current service, expected tenure, and salary growth. Helps in career planning and financial goal setting. Considers annual increment rates and service progression for accurate projections.
Key Rules: Minimum 5 years continuous service required (4 years 8 months eligible). Months > 6 rounded up to next year. Death/disability exempts 5-year rule. Tax-free up to ₹20 lakh. Employer can forfeit for misconduct.