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Gratuity Calculator (Payment of Gratuity Act / Social Security Code)
14 · Tax, salary & corporate
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Gratuity Calculator (Payment of Gratuity Act / Social Security Code)
Gratuity = (15 × Last Drawn Basic Salary × Years of Service) / 26 (statutory cap ₹20 Lakhs)
Base Principal / Transaction Value
₹
₹1,000
₹1,00,00,000
Interest / Return / Parameter Rate
%
1%
35%
Tenure / Duration / Period
Yrs
1Yrs
30Yrs
Calculated Financial Output
₹8.24 L
Base Capital Value
₹5,00,000
Calculated Net Value / Gain
₹3,23,723
Effective Financial Multiplier
64.7%
Base Amount: ₹5,00,000
Net Benefit: ₹3,23,723
Formula & algorithm
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