Accurate Gratuity Estimation Made Simple – Plan Ahead with Our Free Gratuity Calculator

🔍 What is a Gratuity Calculator?
An online tool to estimate the lump sum amount payable to an employee as gratuity.

Based on the Payment of Gratuity Act, 1972 (for Indian employees).

Requires inputs like last drawn salary and years of service.

🧮 Key Inputs:
Last drawn basic salary + dearness allowance

Total number of years of service

✅ Benefits of Using a Gratuity Calculator:
🔹 Quick Estimates – Instant calculation of gratuity amount.

🔹 Retirement Planning – Helps in long-term financial planning.

🔹 Clarity & Transparency – Know what you’re entitled to.

🔹 Easy to Use – Simple interface; no technical knowledge needed.

🔹 Tax Planning – Helps estimate tax exemptions under Section 10(10) of the Income Tax Act.

🔹 Useful for Employers – To budget for employee settlements.

💡 Formula Used (Private Sector under Gratuity Act):
Gratuity = (15 × last drawn salary × years of service) ÷ 26