Gratuity is a one-time payment given to employees as a reward for long service. Understanding gratuity calculation helps in better financial planning. Read more
Gratuity is paid after completing minimum 5 years of continuous service. Read more
Gratuity = (Last Drawn Salary × 15 × Years of Service) / 26 Read more
Salary: ₹30,000, Service: 20 years Read more
Gratuity = (30,000 × 15 × 20) / 26 = ₹3,46,153 Read more
Read more helpful guides on our blog page.